Willy Woo: Bitcoin may end the bear market in the fourth quarter, with $45,000 being a typical bottom for a bear market.

GateUser-6433627c · 2026-02-27T06:52:06+00:00

Analyst Willy Woo believes that the current bearish sell-off in Bitcoin is nearing its end and may enter a sideways consolidation, but it still faces bearish pressure from the market environment. He predicts the price could rebound to $70,000 but will encounter resistance, and he believes the bear market trend may end by the fourth quarter. The bullish momentum could return in 2027, with $34,800 being a typical bottom for a bear market. If the global macro environment breaks down, $30,000 will serve as a support level, while $16,000 is the last line of defense for a long-term bull market.

GateUser-6433627c

2026-02-27 06:52:06

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On February 27, renowned analyst Willy Woo stated, “This investor-led bearish sell-off seems to be nearing its end, providing some breathing room for prices. It may enter a roughly one-month sideways consolidation phase, or even rebound to the mid-$70,000 range, but that level is likely to encounter resistance. The reason is that the broader market environment remains clearly bearish, with spot and futures liquidity both deteriorating. I have never seen Bitcoin continue to rise when both spot and futures liquidity are weakening simultaneously. If I were to make a relatively rational judgment, I believe the fourth quarter could be the best window for the end of this bear market trend, and the true bullish momentum may return in the first or second quarter of 2027. Around $45,000 is a typical bottom range for a bear market. From 2009 to 2026, Bitcoin has always been in a long-term global macro bull market environment. If the global macro environment experiences a structural breakdown, then $30,000 will become the next support level, and $16,000 will be the last line of defense to sustain Bitcoin’s long-term bull trend.”

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