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Bitcoin under pressure: is this the start of the bear market?

Bitcoin price took a beating in the past few days and sentiment is turning.

By Luc Vesters
• 2 min read
Bitcoin under pressure: is this the start of the bear market?

Bitcoin price took a beating in the past few days and sentiment is turning. Fear and doubt are ruling: have we seen the top at $124,000 and is the bear market at the door?

There is never certainty in crypto, but for now there seems to be more talking points pointing to a continuation of the bull market. The US economy is growing solidly, the central bank is cutting rates and companies can raise capital cheaply. Those are typically signals of an upcycle, not a bear market. View post on X even count on 3.3 percent economic growth in Q3 in the US.

Why the panic then? Tonight's price drop hits emotions and fuels the idea that the bull run is over. But aside from sentiment, Bitcoin still sits on a strong foundation. Of course there are no guarantees, but objectively it seems too early to write off the bull market.

These moments are part of crypto: sharp declines squeeze anxious investors out of the market, while the long term offers opportunities.

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