Analyst: Bitcoin May Be Entering the Late Stage of a Bear Market, Expected to Reach $250,000 in the Next Two to Three Years

BlockBeats News, July 11th, Chief Crypto Analyst at Real Vision Jamie Coutts stated that Bitcoin may be entering the late stage of this bear market. Although the bear market is not over yet, the downward momentum has started to weaken. The current BTC price has retraced by about 50% from its all-time high of $126,100 in October 2025.

Coutts referred to the current trend as a "typical bear market" and noted that Bitcoin's volatility has decreased by about 50% compared to the previous cycle, indicating that this downturn may not be as severe as the previous bear market. However, he cautioned that although the current trend indicators are distinctly bearish, the market will not mechanically replicate historical cycles.

He mentioned that the longer-term momentum indicators are starting to show bullish divergence, indicating that the negative momentum is slowing down. Nevertheless, this does not mean that Bitcoin has technically emerged from the bear market. In addition to global liquidity tightening, the deterioration of on-chain demand was also a significant reason for Bitcoin's previous decline.

Regarding long-term price predictions, Coutts is cautious about Bitcoin reaching $1 million by 2030. He is more inclined to predict that BTC will rise to $200,000 to $250,000 in the next two to three years. He also warned that the Bitcoin community needs to more clearly address the potential threat of quantum computing by 2027 because significant protocol upgrades may take around five years to implement.