Crypto analyst Rekt Capital believes Bitcoin has not yet reached its final bear market low. Historical precedent suggests room for further declines.
Current market structure resembles the breakdown patterns seen before extended downtrends in prior cycles. A short-term bounce is possible, but Capital expects it to be a redistribution phase rather than a true recovery.
Timing is a critical factor. Bitcoin is about 270 days past its 2025 peak. In contrast, previous cycles typically required roughly 365 days to establish a definitive bear market bottom. Similar junctures in the 2014 and 2018 cycles showed Bitcoin had not yet broken through critical macro support.
"We're not quite near the bottom," Capital stated, emphasizing both the time and magnitude of downside potential that history implies.