A new report from BIT, formerly known as Matrixport, indicates that the prolonged Bitcoin bear market is likely entering its terminal phase, with a cyclical bottom potentially forming during the 2026 FIFA World Cup. The analysis synthesizes current market conditions, technical patterns, and macroeconomic trends to pinpoint a critical support level near $61,576. While current market sentiment remains weak, technical indicators suggest the worst of the downturn may have passed. Data compiled by Woofun AI shows that the report draws a direct parallel to the slowing inflation observed in 2022, which historically helped establish a cyclical floor for Bitcoin prices. The authors argue that a similar macroeconomic environment, characterized by decelerating inflation without a concurrent severe recession, could provide the necessary catalyst for a sustained recovery.

The core issue driving the current market dynamics remains inflation, and the report estimates that the market may require one to three months to demonstrate a definitive reversal. The 2026 FIFA World Cup, scheduled to run from June 11 to July 19, is presented as a significant temporal anchor for this potential turning point. BIT suggests that the opening whistle of the tournament could mark the commencement of the final chapter of the current market cycle. This approach does not constitute a precise price prediction but rather utilizes the event as a chronological marker for when market conditions might align to form a bottom, consistent with historical patterns where major global events have coincided with market inflection points.

For investors, the report offers a cautiously optimistic outlook while explicitly stopping short of guaranteeing an immediate recovery. The identified $61,576 support level is derived from rigorous technical analysis, yet the report acknowledges that external variables such as unexpected inflation spikes or geopolitical shocks could alter the projected timeline. Woofun AI notes that the key takeaway is the maturation of the bear market, suggesting a bottom is within sight but requiring significant patience from market participants. The analysis does not recommend immediate action but instead encourages monitoring for confirmation signals over the coming months to validate the thesis.

BIT's analysis introduces a data-driven perspective to the ongoing debate regarding Bitcoin's price trajectory by linking the potential bottom to a specific, high-profile global event. By anchoring the forecast to the 2026 World Cup, the report provides a clear, event-based timeline for investors to observe.

However, uncertainty remains inherent to all market forecasts. The coming months will be critical in determining whether the easing inflation and favorable technical patterns materialize into a sustained recovery or if further downside is required before a true bottom forms. Woofun AI analysis suggests that while the structural setup for a rebound is taking shape, the interplay between macroeconomic data and market sentiment will ultimately dictate the speed and magnitude of the next cycle's expansion.