The price of Bitcoin fell to its lowest level in the last two months with sharp sales, sparking a new debate in the cryptocurrency market. The largest cryptocurrency, which fell to its weakest level since November 2025, began to challenge investor confidence with the loss of value in a short time. The decline in recent weeks has raised the question of whether it is just a temporary correction or the beginning of a longer-term bear market. The market is monitored carefully because technical indicators and liquidity conditions signal the same direction.
How Did the Fall Process in Bitcoin Shape?
Bitcoin has lost approximately $14,700 in value since its peak of nearly $98,000 about two weeks ago, falling to around $83,000. This decrease, approaching 15 percent, indicates that the selling pressure is progressing gradually and steadily. Despite the weakening of the US dollar, Bitcoin’s failure to attract safe haven demand strengthened the view that the decline may be due to the market cycle rather than macro conditions.
In-blockchain data and technical indicators reveal that the liquidity flow is weakening and buyers are falling behind. When the shrinkage of volumes in the entire cryptocurrency market combined with the ongoing underperformance of altcoins, the pressure on Bitcoin became more visible. The current picture shows that a cautious expectation prevails in the market.
According to analysts, the $80,000 level stands out as the psychological threshold, while the price’s effort to hold on above this band will be decisive in terms of short-term direction. The $74-75,000 range is viewed as an important region that has served as support in the past.
Analyst Opinions and Possible Bear Market Scenario
Cryptocurrency analyst Benjamin Cowen argues that Bitcoin may have entered a bear market by comparing the pullback with previous market cycles. According to Cowen, Bitcoin generally peaks in the last quarter of cycle years and then enters a decline regardless of the news flow. A similar timing is noticeable throughout the 2013, 2017, 2021 and 2025 cycles.
Cowen states that Bitcoin may have peaked in October 2025 and has been following a downward trend since then. Stating that there are strong parallels between the slow and silent decline in 2019 and the current market, the analyst points out that it is difficult to expect a permanent recovery without improving liquidity conditions.
Historical data reveals that Bitcoin bear markets last an average of one year. While the 2018 and 2022 declines overlap with this period, it is predicted that weakness in the current cycle may continue until late 2026. Historical scenarios show that the price may decline to $50,000, and in a harsher selling wave, the $30,000 band may come to the fore.
