Bitcoin is around USD 80,000 and for several analysts, the bearish market is just around the corner.
• Specialists warn that BTC has entered "a delicate phase."
• Buying or selling bitcoin at this price depends on each investor.
Bitcoin ($BTC ) is undergoing one of its deepest corrections of the year, having fallen more than 30% from the all-time high of 126,200 dollars reached on October 6. This movement has reactivated fears that a new bearish market is forming. This, while technical signals, on-chain, and institutional flow begin to align in that direction.
Venezuelan trader and investor Alberto Cárdenas stated to CriptoNoticias that the recent drop "is a signal of a turning point in the market."
He explained that, since it is a drop greater than 20%, «we have probably reached the peak or ceiling in October and now we are heading into a bearish bitcoin market that could extend until the end of 2026 or at least until October 2026, according to BTC's 4-year cycle.»
Cárdenas highlighted that the recent behavior of selling at a loss among short-term investors coincides with typical dynamics that precede bearish bitcoin markets.
«There was a significant liquidation movement, there was a lot of euphoria on the long positions side, many people were liquidated in October and early November. It is something typical of volatility and of those who leverage a lot in these phases,» he noted.
He added that this market cleansing, while reducing excessive leverage, also leaves many players out of demand. «Generating a negative signal,» he pointed out.
