Analysts divided on Bitcoin bear market calls as prices inch up from $77,000

Market Overview - Bitcoin has entered a bear market, with signs of "capitulation" as it fell below $80,000 for the first time since April 2025, dropping to just over $77,000 before a slight recovery to near $79,000 [1][2]. Market Sentiment - Analysts indicate that the market has shifted to a bearish regime, with significant selling pressure and a lack of new capital inflow, suggesting that the current environment does not support a bull market [2][4]. - Some analysts predict further declines, with potential price targets as low as $75,000 or even $10,000, while others urge caution, suggesting that the bear market narrative may be premature [3][4]. Historical Context - Price corrections of 35%-40% are historically common during Bitcoin bull runs, with the current drop from $75,000 to $80,000 representing a 37% to 40% correction, which could be seen as a buying opportunity [5]. External Influences - Recent performance issues for Bitcoin have been linked to President Trump's nomination of Kevin Warsh for Federal Reserve chair, which negatively impacted precious metals prices. However, some analysts believe that Warsh's leadership would not lead to aggressive interest rate cuts [6][7].