Comparison of Two BTC Bear Markets:

The decline adjustment from October 2021 to March 2022, at the weekly level, rebounded to the 0.618 position, and then initiated another wave of deep decline adjustment;

The decline adjustment from October 2025 to December 2025, at the weekly level, may rebound to the 0.618 position, which is around 98,000.

Currently, the BTC weekly MACD shows signs of bottoming out and moving upwards, the downward momentum may not be strong enough, and the price may rebound again to around 98,000.