Potential buy signal forming in BTC:

CryptoQuant stated that a bear market phase has begun and believes Bitcoin could decline to the $70,000–$56,000 range in the coming months. According to their analysis, on-chain indicators point to weakening demand and increasing selling pressure, which historically has preceded deeper market corrections.

At the same time, such zones have often attracted long-term buyers and institutional interest, especially when panic sentiment dominates headlines. If BTC approaches these levels, the market may see capitulation-driven volatility, followed by the formation of a medium- to long-term bottom.

As always, traders should closely monitor on-chain metrics, liquidity conditions, and macroeconomic factors, including interest rate expectations and USD dynamics. Periods labeled as “bear markets” have historically also offered some of the best risk–reward opportunities for disciplined investors.