Analyst: Bitcoin may enter the later stage of a bear market, with a slowdown in downward momentum

According to Cointelegraph, Real Vision's chief cryptocurrency analyst Jamie Coutts stated that Bitcoin may be entering the later stages of a bear market, with the downward momentum beginning to slow.

Coutts pointed out that compared to the previous market cycle, Bitcoin's volatility has decreased by about 50%, indicating that the current decline may not be as severe as past bear markets. However, Coutts also warned that markets rarely follow historical patterns so perfectly. "They basically move at their own pace. Currently, all trend indicators are clearly bearish." The good news is that some early technical signs suggest that selling pressure is easing. "I am starting to see momentum indicators showing bullish divergence on longer time frames. This indicates acceleration, or more precisely, that negative momentum is slowing down, but that does not mean that we have technically exited the bear market."