Analysts divided on Bitcoin bear market calls as prices inch up from $77,000 [Yahoo! Finance]
Evercore Inc. Class A (EVR)
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Source: Yahoo! Finance
After falling below the $80,000 mark for the first time since April 2025 yesterday, Bitcoin continued to drop, bottoming out at just over $77,000 in the evening of January 31. The coin has since made a slow if undramatic recovery, moving back to near $79,000 at the time of writing on February 1. “A sequence of breakdowns across major support levels reinforces the view that the market has shifted regime, indicating that Bitcoin has entered a bear market,” wrote Carmelo Alemán, a trader and an analyst at the crypto analytics firm CryptoQuant. Alemán said Bitcoin spot and futures trading patterns were now decidedly “bearish.” He said the market was now in a phase of “capitulation,” whereby “a large share of market participants” would suffer losses. The volatility comes as market observers talk of turbulent times ahead for Bitcoin, forecasting further falls to , or even as low as “Bitcoin is dropping as selling pressure persists, with no fresh capital coming in,” Ki Young Ju, Cry
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