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Bitcoin's 2026 bear market likely bottomed at $60K, avoiding a severe crash seen in past cycles.

Market News
20 May 2026
Bitcoin
View Source
Neutral
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Research firm K33 Research reports that Bitcoin's bear market in 2026 is structurally different from previous cycles, with the February low near $60,000 marking the deepest drop expected. Unlike past crashes exceeding 80%, this downturn is capped at about a 52% decline from the all-time high of $126,272 in October 2025. Prolonged negative funding rates indicate pessimistic sentiment but also suggest limited further downside. Institutional involvement and selling exhaustion among long-term holders support a slow consolidation phase between $60,000 and $75,000 rather than a sharp crash, signaling a potential recovery phase ahead.

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