The leading cryptocurrency, Bitcoin (BTC), surged above $70,000 following the ceasefire agreement between the US and Iran.
With this rise fueling talk of Bitcoin reaching $80,000 and above, a CryptoQuant analysis revealed that the bear market in Bitcoin is far from over and outlined a timeline for Bitcoin’s next “bottom.”
According to new CryptoQuant analysis, Bitcoin could find a bottom around $55,000 in the second half of 2026.
In their latest analysis, CryptoQuant analysts examined the Bitcoin MVRV Z-score metric. According to their findings, the MVRV Z-score still needs to match previous bear market lows to signal a trend reversal in Bitcoin.
Historically, for the MVRV Z-score to signal a bear market bottom, it needs to fall below zero into negative territory.
“This metric is showing a decline, but it hasn’t yet entered the negative/below-value zone.”
Because, at every low point in history, this value has fallen below zero. Right now, the market is just cooling down, it’s not in despair.”
At this point, a CryptoQuant analyst stated that the last time the MVRV Z-score dropped below zero was the bottom of Bitcoin’s last bear market in 2022, adding that for 2026, this date aligns with October and December.
“The target for Bitcoin is the $55,000-$60,000 range. This range aligns with a sub-zero MVRV Z-Score and historical data.”
*This is not investment advice.