Bitcoin’s price action lately paints a picture both unsettling and hopeful. After crashing more than 50% from its $126,000 peak in October 2025, the market is now hinting at a possible floor just above $50,000. A CryptoQuant analyst, speaking under a pseudonym, believes the worst of Bitcoin’s bear market could be behind us, pointing specifically to $51,336 as the ultimate bottom.
What caught the analyst’s eye is how selling pressure has visibly weakened. The small dip in early July barely dropped below the lows we saw back in February, and since then, Bitcoin has hovered around $60,000 instead of plunging further. This suggests the grip of sellers is loosening, with dips becoming shorter and recoveries gaining strength.
Technical indicators add to the positive outlook. The MACD and RSI, tools traders watch closely, are flashing bullish signals and showing positive divergences. These patterns typically appear at market bottoms, implying Bitcoin might be stabilizing.
Still, the analyst warns against complacency. There’s a chance for one last sell-off to test support near $51,336, roughly the 61.8% Fibonacci retracement level. This area also aligns with Bitcoin's historical support zones, including the average cost point for investors and the long-term 200-week moving average, which have previously marked market lows.
While many expect Bitcoin’s decline to end here, nothing is guaranteed. The tension between cautious optimism and lingering risks is real. The market’s next moves will reveal whether this zone holds or if further dips await.
This information is for educational purposes and should not be taken as investment advice.
