Bitcoin may very well be getting into the latter phases of the bear market, with draw back momentum starting to decelerate, in accordance with Actual Imaginative and prescient chief crypto analyst Jamie Coutts.
“I feel we’re getting by way of most of the bear market motion. It is nonetheless not over, clearly. However you recognize, I feel we’re approaching not less than the second half,” Coutts mentioned throughout an interview on Cointelegraph’s Commerce Secrets and techniques.
Coutts described Bitcoin’s present worth motion as a “typical garden-variety bear market,” with BTC buying and selling across the $63,000 mark, roughly 50% under its October 2025 all-time excessive of $126,100.
He famous that Bitcoin’s volatility has declined by about 50% in contrast with the earlier market cycle, suggesting the present downturn could also be much less extreme than earlier bear markets.
Bitcoin is up 4.45% over the previous 30 days. (CoinMarketCap)
Nevertheless, Coutts warned that markets hardly ever observe historic patterns so neatly. “They only type of do their very own factor. And for the time being, all of the development indicators are clearly bearish,” Coutts mentioned.
On the intense sides, Coutts mentioned he’s starting to see early technical indicators that promoting stress is easing.
“I am beginning to see a bullish divergence seem on the longer time frames on momentum. In order that’s simply telling me that the acceleration, or ought to I say, the adverse momentum is decelerating, however that does not imply that we’re out of this bear market from a technical perspective in any respect,” Coutts mentioned.
Whereas many market members blamed Bitcoin’s fourth-quarter downturn on tightening international liquidity circumstances, Coutts mentioned that weakening onchain fundamentals additionally performed a major half.
“So onchain demand, which positively drives worth and is considerably correlated to issues like international liquidity and the enterprise cycle, they began to deteriorate as nicely.”
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Jamie Coutts is skeptical of Bitcoin reaching $1 million by 2030
Coutts was cautious when requested whether or not he agreed with lengthy vary forecasts from Coinbase CEO Brian Armstrong and ARK Make investments CEO Cathie Wooden that Bitcoin might attain $1 million by 2030.
“The fashions that I used to be working with did have about 1,000,000 by 2032, 2033. It’s only a operate of like how a lot cash printing is gonna be required between every now and then,” he mentioned.
“I am extra comfy with a forecast within the subsequent type of two to 3 years that Bitcoin ought to get to type of $200,000 to 250,000,” he mentioned. Outdoors of that timeframe, he added, it’s “very laborious to say.”
“I feel it is gonna be attention-grabbing what AI brings to the equation, as you recognize, we see extra wallets spun up for brokers, and what are they gonna primarily retailer their worth in? Are they gonna make the identical choices as what people have?” he mentioned.
On long run dangers to Bitcoin’s valuation, Coutts mentioned the group might want to take extra decisive motion by 2027 to deal with the potential menace posed by quantum computing.
“If there is not actually agency motion on this, this can change into an more and more talked-about challenge for the community as a result of as a lot as all the pieces is below threat from quantum, Bitcoin is a decentralized community. It will take 5 years for it to truly implement a serious protocol improve.”
Coutts mentioned Bitcoin builders who dismiss issues over quantum computing’s potential menace to the community are on the “incorrect aspect of this.”
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