Analyst tips ‘visible flaws’ in Bitcoiners’ mid-bear market forecast

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Source: Matthew Hyland Bitcoin (BTC) analysts have recently been divided over whether the asset already bottomed in February or if it still has further downside in this cycle. Veteran trader Peter Brandt said in March that $60,000 may not be the lowest level for 2026, forecasting that Bitcoin could retest or even move “slightly lower” in September or October this year. Bitcoin analyst Willy Woo said in an X post on March 17 that, from a liquidity perspective, Bitcoin is about one-third of the way “through the bear market.” More recently, in an X post on Friday, MN Trading Capital founder Michael van de Poppe pointed to a forming pattern on Bitcoin’s short-to-long-term realized value ratio chart to argue that Bitcoin is nearing the end of the bear phase. “The levels are hit again, which shows that we're at the end of the bear market, and not at the start,” van de Poppe said. Source: Michael van de Poppe Bitcoin reached $82,499 on Wednesday, its highest price since Jan. 31. At the time of publication, Bitcoin is trading at $79,646, approximately 32.74% higher than the $60,000 level it reached in February, according to CoinMarketCap. Related: Bitcoin bulls target $115K by December: Does data back the expectation? Bitcoin analyst Kyle Chasse pointed out the price increase in an X post on Thursday, saying he expects further upside in the near term. “$82,000 this week. Up 5% in five days. Crypto legislation is moving through Congress. Iran peace talks reducing risk-off pressure,” Chasse said. “The technicals are clean. Bull-stacked moving averages. Shorts getting squeezed,” Chasse said, adding that the “next wall” is $85,000. “Above that, the path to $100k opens back up,” Chasse said. Magazine: XRP ‘probably going to $12,’ Bitcoin ETFs add $1B: Market Moves More on the subject

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