Bitcoin Analysts Forecast Prolonged Bear Market with Potential Bottom Near $30,000

Crypto analysts are forecasting a significant extension of the current Bitcoin bear market, potentially lasting until late 2026. Market research suggests that the price of BTC could drop to a cycle low ranging between $30,000 and $45,000. This bearish sentiment is largely driven by technical analysis and concerning on-chain data. Specifically, rising Bitcoin reserves on exchanges indicate a growing intent among holders to sell their assets, supporting forecasts of continued selling pressure. Such a prolonged downturn could lead to reduced capital inflows across the broader cryptocurrency sector. Investors and traders are now closely monitoring these levels as the market prepares for potential long-term volatility.