Willy Woo: Bitcoin May Have Ended Bear Market in Q4, $45K Typical Bear Market Bottom

BlockBeats News, February 27th. Renowned analyst Willy Woo stated, "The current investor-led bearish sell-off appears to be coming to an end, providing some breathing room for the price. It may enter a consolidation phase of about a month, possibly rebounding to the mid $70,000s, but this level is likely to face resistance.

The reason is that the broader market environment still remains notably bearish, with both spot and derivative liquidity deteriorating. I have never seen Bitcoin sustain an uptrend when both spot and derivative liquidity are weakening simultaneously. If we were to make a relatively rational judgement, I believe the fourth quarter might be a better time window for the end of this bear market trend, with true bullish momentum potentially returning in the first or second quarter of 2027. Around $45,000 is a typical bear market bottom range.

From 2009 to 2026, Bitcoin has always been in a global macro long-term bull market environment. If there is a structural breakdown in the global macro environment, $30,000 will become the next support level, while $16,000 will be the final line of defense to sustain Bitcoin's long-term bull market trend."