Expert claims we’ve hit the bottom

If this expert is right, we could be looking at the shortest bear market for Bitcoin ever, and it could mean the same for the whole crypto market, right? Do you all think he’s onto something? I really hope he is haha, but is he actually right? Bitcoin bounced back over the $70,000 level on Friday as investors jumped back into the market after a wild week for crypto overall. This $1.3 trillion digital asset has surged over 6% today after dropping to almost $60,000 on Thursday. Ether has seen a more than 7% rise to over $2,000, and XRP is sitting at $1.46, up nearly 20%. People keeping an eye on the market believe the worst might be behind us. "It's hard to say for sure, but things seem to be coming together for crypto to have hit its bottom," said David Duong, global head of investment research at Coinbase, in a chat with DL News. Check out the full article here.

Do not mind anything that any analyst is saying, we do not know yet if the bear market is over yet or not yet over. Also bitcoin is struggling to make the $70000 a resistance but let see what will happen. Bitcoin has moved to the price that I think the bottom has been hit or very close, but that does not mean I will say the bear market is over because what if bitcoin price is unable to increase yet, or maybe slightly fall more before but market will begin.

Today 9/2/26 the price of Bitcoin has fallen again to $99k, meaning it has missed the prediction of $70k. I predict and assess that the price of Bitcoin in the future will continue to experience a decline that many experts cannot analyze, The current market situation is indeed unstable, meaning that the lowest point is not at $70k, perhaps further away at $60k. The current situation holds real and definite hope for investors in general, if they are thinking long term, I remain optimistic for the current price of Bitcoin.

I can't say the worst is over but that can still continue especially if many more bad news releases. That can makes people in panic will becomes more panicked. They will not think much about the situation and only wants to saves their funds and gets out. The worst situation may repeat but with different conditions. Maybe in this one month, nothing big will change but the market could still be in fluctuation. According to BitcoinWisdom, Bitcoin already reached $59, 799 as the lowest price and the price now is up and down from $69k to $71k. Hopefully we will see more good news that can lift the price to the next high level.

Still very early to say that we are in the bottom. This is just the start of the year so anything goes. Personally, I still think that the market could really go down and nose dive around $50k'ish till the end of the year. We are in the bearish state and looking at the last 2 bear market, it could be around 70%-80% decline from the last all time high. I don't want to scare others, but this is just what I'm seeing and so I'm prepared to continue to do DCA for this year.

I will only believe on analyst predictions if they have 100% accuracy on all of their prediction or even just a 80%+ accuracy. No one can exactly predict what’s the real bottom since it’s based on all Bitcoin holders decision if they will sell or hold long term. We can only say the bottom is in if the price is already way above the ATH or else this analyst will just keep repeating a prediction until it becomes correct and delete all the previous wrong prediction. Hope so 60k is already the bottom.

Head of Coinbase investment, hm? Right then. If you ever only make one prediction and it comes true, you'd have 100% accuracy. I think the policy is never to believe, take what's useful for yourself and move along. Oh wait, I stopped taking anything prediction-related seriously since maybe 2020. Games and rounds, though? Haha.

What is coming might not going to be a short term because all this study they have made in determining how long the bear will go will not prove any certain occurrence, this is just people who believes they can say what is going to happen next in Bitcoin, they have left price prediction and went into the prediction of the bear season. To see that how immensely we thought the bear would be has now been very short would be an excitement because of how fast we would go into bullish season but those things he is saying are not fact to having short term bear in Bitcoin.

We cant draw a conclusion yet, because we only know about what has happened, we cant phantom on what is coming ahead and about to also happen, this is cryptocurrency and we know that we cant deal without having the volatility experience as it may be, now its all about if we should expect further fall, or there should be a support for $70,000 and then we go on, anyone can come up with his analysis and draw his own conclusion, but does not change anything about the market behavior being unpredictable.

Only time will tell if he's correct. But who doesn't like to see a very short bear market? All of us, I think prefer to see that. But with how the usual cycle goes, we'll have to wait and see if that's really a correct analysis if the bottom is in. Because I think many believes that we haven't dipped yet and it's going to shoo a lot of investors in panic when that comes.

You don't expect the market to just keep on declining without price retracement. What happened was that investors bought way up to $70k and people rushed to take profits again to fall the price back to $69k. I don't want to believe that the bear market is over because it should last till November as this is my own prediction. The price of bitcoin might still dip below $60k,nobody knows what price will be the bottom line of the bear market we are only speculating.

Trusting analyst is the same as trusting the joker. They are predicting the price already bottomed just to lure people to get in. It's caused by they will benefit from the money inflow to the market. In this case, the prediction was coming from David Duong. It's the same guy who predicted institutional would be going very bullish for at least 6 months started from october 2025. And his prediction was actually wrong. It's caused by many institutional are selling their Bitcoin even Bhutan government too. So i see no reason in trusting him. he's the same as Brian Amstrong, his CEO who is yelling crypto is always bullish. meanwhile, the reality is totally opposite.

There is few information in the article about the reasons why this analyst thinks the bottom is in. The closest I found was this quote: Source So I interpret he thinks that these factors are short term factors that exaggerated the downturn. My main reason why it's possible that the 60k were a significant bottom is the enormous trading volume we saw at these levels. Trading volume highs often occur near tops or bottoms. The last time such a high volume has been reached was in late 2024: This does not mean that lower bottoms aren't possible, but it looks like one of these capitulation events where the price downturn was exaggerated and the next months the price woud increase, like in May/June 2022 after Terra/Luna, where the price was stable or even bullish for several months until the FTX crisis began.

This is not necessarily true, speculation is only a sweetener in every prediction, Bitcoin has the same pattern that we already know, don't be too confident in an analyst's opinion, because it has always been the same, they will try to be optimistic even though in reality they are hit by a market situation that is not certain and actually experiences a very high price decline which is continuous, whether we will be in a bearish phase sooner or not depends on the current economic situation and demand.

We experienced the fastest bullrun , bullrun literally started before bitcoin halving . Now we going to experience a short bear market , though is just speculation but it sound cool . Well the crypto market is unpredictable that’s why is not even a smart move to stop accumulating because the market can surge at any moment . Many are panicking because they don’t understand how the crypto market actually works , (me of then would have done same thing though) .

There could be even some logic here: - those who wanted to sell their Bitcoin, in part did so still during the bull run in 2024 and 2025, instead of waiting until the final crash [1]. This has made the bull run less steep. - this could mean that there are less Bitcoiners left now who want to sell, and thus the bearish phase we were in since October 2025 could indeed stop at 60k or so already. This would be an excellent scenario, almost "too good to believe it" Because it would mean that Bitcoiners now behave more rational. And in consequence, volatility could decrease. And Bitcoin could become a bit more reliable and attractive for retailers to save their money. [1] Glassnode and other on-chain data providers have mentioned often, that there was an unusual selling activity of early adopters and big whales during 2024 and 2025. See for example this article, showing that whale selling in 2025 was record. The analyst even was predicting the crash in 2026 correctly

We should be ready for anything , right now the market is consolidating. The next big move will determine where we are going (either up or down ) . Bitcoin may even deep more or may continue to go up from here , we can’t tell that’s why the best option is to HODL Aslong as we can , if possible those who are low coiner can use the recent market condition to buy cheaper and build their stash . Panicking is quite common in the crypto space , many don’t want their money to get stuck when price dump (like the market not going to recover back  ) , many are just impatient. And you are right the massive taken of profit (selling ) literally reduces the potential of the bullrun , I literally thought we where heading to $150k after Bitcoin broke the ATH of $124k , it was exciting but the manipulation had to come at the moment everyone was expecting more ATH , well bitcoin remains bitcoin so zero(0) panic (because it could recover at anytime).

This had been my sentiment too, I wouldn’t say the four year cycle is dead but personally i think that with bitcoin bull run starting a lot earlier after ETF approval in 2024 and this hindered the regular bull run that was supposed to happen in 2025 and it resulted bearish trend starting as far late third quarter of the year because the bull market had been too prolonged, I think same will happen to the bearish sentiment that’s actually supposedly going to last a full year because it has already Started a full quarter prior to the time which most sellers might have been done selling at this point already except a very bad news like FTX then in 2022 creates another reason for further sells. As for bitcoin volatility it was actually bound to decrease as the adoption rate increases because many are actually viewing bitcoin as more of a store of value now for holding than in the early days. In the past we could have almost 80% dump from ATH in bearish periods but I don’t believe it’s possible now again, at worst a 65% dump.

No one knows for sure whether this is true as a further decline could occur if a lot of negative news emerges. A bear market is still possible, but don't overthink it as there's potential for a gradual recovery with strong support, such as a rebound after such a deep correction. Market stability hasn't yet indicated a definite direction for Bitcoin's trajectory, so anything could happen due to various factors, especially those related to war and the ongoing pressure on the global economy. This is an opportunity anyone can capitalize on instead of panicking during a decline as experienced investors often believe opportunities like this don't happen all the time. Imagine if the drop reached $70,000-$60,000, we could accumulate a large amount of purchases. Isn't this the opportunity we've been waiting for in our investments?

Before the bear market hit and bitcoin plummeted, while many believed "this time it will be different," I leaned towards a scenario where history repeated itself. However, I do not think Bitcoin will plummet by 70-80%, and the bear market will not last as long as previous cycles. Bitcoin has matured considerably, and the market has grown stronger with the participation of many institutions and long term capital flows. In my opinion, Bitcoin may not have bottomed out yet, but it will not plummet 70-80% like before, and the crypto winter will soon be over.