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BIT: Bitcoin Bear Market Adjustment May Have Entered Final Stage, World Cup Window Could Mark the Tail End of This Bear Cycle

2026-06-12 02:33

Odaily Planet Daily News BIT has released its latest weekly report, "Will the FIFA World Cup Mark the End of the Bitcoin Bear Market?". The report indicates that the current bearish trend of Bitcoin is largely in line with its outlook from early February 2026. The previously predicted A-B-C corrective structure is now entering its final phase: after wave A declined to the $60,000-$69,000 range, Bitcoin rebounded to the $80,000-$90,000 range, peaking temporarily around $83,000, before the rebound momentum gradually weakened.

BIT points out that the current Fear and Greed Index is approaching a historically significant low zone, still showing some similarity to the bottom structure of the 2022 bear market. It maintains its previous view that the summer trading lull during the 2026 World Cup could represent the final stage of Bitcoin's current bear cycle.

The report states that going forward, it will focus on the key price range signaling the end of the bear market, the macro catalysts for the next bull run, and trend reversal signals from cyclical indicators. If the relevant framework holds, this market bottom could become one of the most concentrated and clearly triggered low-point zones in Bitcoin's history.