Rekt Capital Says Bitcoin Needs More Time to Reach Bear-Market Bottom

Cryptocurrency analyst Rekt Capital said Bitcoin may not have reached its bear-market bottom yet.

In a YouTube video on July 3, he said the market is showing patterns similar to the 2022 bear market, along with traits seen in past cycles.

The broader downtrend that followed a breakdown from a descending triangle pattern has historically led to a prolonged additional correction, he said.

Bitcoin is now about 270 days past its 2025 peak, but in past cycles it has generally taken about 365 days for a bear-market bottom to form. Compared with the 2022 cycle, that suggests the token is still not close enough to a bottoming range.

He added that further downside remains possible in both time and price.