Matrixport: Prices have fallen below key levels, and the market has entered a confirmed bear market phase

According to the weekly report released by Matrix on Target, the price of Bitcoin has fallen below the key level indicated by analysts, confirming the downward trend. The current retracement of Bitcoin in both magnitude and pace is quite similar to the downward phases of historical cycles. The market's focus has shifted from "Has the trend reversed?" to "When will the next more favorable allocation window arrive?"

Looking back, analysts successfully identified the starting point of the Bitcoin bull market and predicted that the peak of this cycle could reach $125,000. Between the end of 2024 and October 2025, Bitcoin has repeatedly shown characteristics of the fifth round of the bull market nearing its end, indicating that the bullish momentum is gradually waning. As the price has fallen below key levels, the market has entered the confirmation phase of a bear market.