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Woofun AI reports that Bitcoin may be entering the later stages of a bear market, characterized by a deceleration in downward momentum. Chief cryptocurrency analyst Jamie Coutts of Real Vision noted that Bitcoin's volatility has decreased by approximately 50% compared to the previous cycle, suggesting the current decline is less severe than historical bear markets.
Coutts emphasized that markets operate at their own pace and rarely adhere strictly to historical patterns, with all current trend indicators remaining clearly bearish.
However, early technical signs indicate that selling pressure is easing. Momentum indicators on longer time frames are displaying bullish divergence, signaling that negative momentum is slowing down, although this does not constitute a technical exit from the bear market.