Bitcoin entered a confirmed bear market in November 2025, and current price action suggests the downtrend is still in play.

Key levels I'm watching:

1. $58,000 is the recent confirmed low. A clean break below flips it into resistance and opens the door to $51,750.

2. The measured target from the Head and Shoulders pattern sits around $41,500.

3. Long-term investor cost basis / support is near $48,500.

My take: A wick below $50,000 is highly probable on panic selling, but I don't expect sustained trading under that level. $48.5K - $51.7K is a major demand zone where buyers should step in.

This is the capitulation zone to watch, not to fear.

What's your invalidation level for this bear thesis? 👇

#Bitcoin #BTC #Crypto #bearmarket #TechnicalAnalysis_Tickeron $BTC $ETH $BNB