Bitcoin Is Down Bad, But Hasn't Yet Hit Its 'Ultimate Bear Market Bottom': Analysts
Decrypt
by Logan HitchcockFebruary 14, 2026
AI-Generated Deep Dive Summary
Bitcoin continues to experience significant declines, with its price dropping nearly 45% since reaching an all-time high in October. However, according to a recent report from CryptoQuant, the cryptocurrency has not yet hit its "ultimate bear market bottom," which is estimated at $55,000. This level represents the realized price—an average of the prices at which Bitcoin was purchased by investors—and historically, it has served as a major support during previous bear markets. The report highlights that Bitcoin would need to fall another 21% from its current price of around $69,724 to reach this critical threshold.
The firm’s analysis suggests that once Bitcoin reaches the $55,000 mark, it typically remains in this range for several months, indicating a prolonged period of consolidation. CryptoQuant also notes that its bull-bear market cycle indicator is currently in the "bear" phase but has not yet entered the "extreme bear" segment, which usually signals the beginning of a bottoming process. This suggests that while Bitcoin is undeniably in a bear market, it may still take some time before reaching its ultimate low.
Other experts have echoed similar sentiments. For instance, Galaxy Research indicated that Bitcoin could
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Originally published on Decrypt on 2/14/2026