Experienced Expert Says "We Are Currently in a Bear Market" in Bitcoin, Revealed the Lowest Level for BTC Price Drop and the Bear's End Date!

Crypto analyst Timothy Peterson, according to his own statement, conducted an in-depth assessment of the current Bitcoin bear market, placing it in a historical context and forecasting a potential recovery within the next three months.

In a statement, Peterson noted that since 2015, Bitcoin has experienced a bear market defined by a 20% drop from each all-time high, which has happened ten times. While these declines are common, they occur approximately once a year, and he pointed out that only four bear markets have lasted longer than the current one: 2018, 2021, 2022, and 2024.

Peterson also characterized the current decline as relatively weak in magnitude. According to his analysis, the fundamental acceptance value of Bitcoin indicates that the likelihood of prices falling well below $50,000 is low. He also pointed out that the price momentum makes it difficult for Bitcoin to drop below $80,000, especially as central banks move towards looser monetary policies.

Peterson, who forecasts a timeline for recovery, suggested that the bear market will end within 90 days. He expects a potential price drop in the next 30 days, followed by a significant rally between 20-40% after April 15. He argued that this anticipated recovery could generate enough media interest to draw hesitant investors back into the market and potentially push the price of Bitcoin even higher.