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BIT: Bitcoin bear market adjustments may have entered the final stage, and the World Cup window could be the tail end of this bear market

2026-06-12 02:33

Odaily Planet Daily News BIT has released its latest weekly report, "Will the FIFA World Cup Be the End of the Bitcoin Bear Market?" The report believes that the current bearish trend of Bitcoin is largely consistent with its early February 2026 outlook. The previously predicted A-B-C correction structure has entered its final stage: after Wave A fell to the $60,000 to $69,000 range, Bitcoin rebounded to between $80,000 and $90,000, forming a temporary peak around $83,000, after which the rebound momentum gradually weakened.

BIT points out that the current Fear and Greed Index has approached historically low levels, which hold significant reference value and still show certain similarities with the bottom structure of the 2022 bear market. It maintains its previous view that the summer trading lull during the 2026 World Cup could become the final phase of this Bitcoin bear market.

The report states that future focus will be on the key price range for the end of the bear market, macro catalysts for the next bull market, and trend reversal signals from cycle indicators. If the relevant framework holds, this market bottom could become one of the low price areas in Bitcoin's history with a relatively concentrated time window and clearly defined triggering conditions.