Svmuu News According to an analyst from the on-chain analysis platform CryptoQuant, the next Bitcoin bear market has not fully bottomed out yet. It is estimated that the "iron bottom" may appear around December 2026, with a price range of $55,000 to $60,000. **This cycle may require a "final washout" to complete the bottom formation.
The analysis is based on multiple on-chain indicators such as the MVRV Z-score: although this indicator has cooled down currently, it has not yet entered the negative (undervalued) zone; historically, every bear market "iron bottom" has been accompanied by this indicator falling below the zero line, indicating that the market has not yet entered an extremely pessimistic stage. According to historical patterns, the market may bottom out around the end of 2026 and enter an accumulation period of about two years. Coupled with the Bitcoin halving cycle in 2028, the peak of the next bull market may appear in the second half of 2029.