Bitcoin Enters Late Bear Market Phase as Volatility Drops 50% on July 12, Real Vision Analyst Says

BTC-0.36%
According to Cointelegraph, Real Vision's chief cryptocurrency analyst Jamie Coutts said on July 12 that Bitcoin may be entering the later stages of a bear market, with declining selling pressure. Coutts noted that Bitcoin's volatility has decreased by approximately 50% compared to the previous market cycle, suggesting the current downturn may be less severe than past bear markets. Early technical indicators show that selling pressure is easing, with momentum indicators displaying bullish divergence on longer timeframes, indicating that negative momentum is slowing. However, Coutts cautioned that overall trend indicators remain bearish, and historical patterns rarely align perfectly with current market behavior.
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