According to BlockBeats, on July 11th, Jamie Coutts, Chief Crypto Analyst at Real Vision, stated that Bitcoin may be entering the later stages of this bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is approximately 50% lower than its all-time high of $126,100 reached in October 2025.
Coutts described the current trend as a "typical bear market," noting that Bitcoin volatility has decreased by about 50% compared to the previous cycle, suggesting that this decline may not be as severe as previous bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and the market will not mechanically replicate historical cycles.
He stated that longer-term momentum indicators are beginning to show bullish divergence, suggesting that negative momentum is slowing, but this does not mean that Bitcoin has technically exited the bear market. Besides tightening global liquidity, deteriorating 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 prefers to predict BTC will rise to $200,000 to $250,000 within the next two to three years. He also warns that the Bitcoin community needs to address the potential threat of quantum computing more clearly before 2027, as major protocol upgrades could take approximately five years.