Analyst: Historical data points to prolonged BTC bear market

Coin Bureau founder Nic Puckrin said on X that Bitcoin (BTC) could be facing an extended bearish phase. He noted that BTC has closed below its 100-week moving average (100W MA) for three consecutive weeks and has remained under this long-term trendline for 14 days. Citing historical data, Puckrin explained that the average time BTC has spent below this line in the past was 267 days, with the shortest period being 34 days during the 2020 COVID-19 crash. He concluded that while short-term rebounds are possible, a longer downturn is more probable.