Amid a sluggish market and Bitcoin hovering around $63,000, a veteran analyst has shared an outlook catching traders’ attention: the worst phase of the downturn may already be past the halfway mark. ‘I think we’re through the bulk of the bear market action. Obviously it’s not over. But at least we’re heading into the back half,’ said Jamie Coutts, chief crypto analyst at Real Vision, in an interview on Cointelegraph’s Trade Secrets channel.
Why He Believes a Turning Point Is Near
Coutts described Bitcoin’s current market condition as a ‘run-of-the-mill bear market.’ The price currently sits roughly 50% below its record high of $126,100 set in October 2025. Notably, Bitcoin’s volatility has declined by about 50% compared to previous cycles - a clue that this downturn may not be as severe as those in earlier eras.
The most compelling signal comes from momentum indicators. ‘I’m starting to see bullish divergences appear on longer timeframes. That tells me the downside momentum is slowing,’ he explained. He was quick to add that easing sell pressure does not mean the bear market is technically over - every trend indicator, he noted, remains distinctly bearish.
The Numbers He Backs - and Those He Rejects
When asked about predictions that Bitcoin could reach $1 million by 2030, championed by Coinbase CEO Brian Armstrong and ARK Invest chief Cathie Wood, Coutts exercised caution. ‘The models I use do point to around a million by 2032 or 2033. That depends on how much money has to be printed until then,’ he said. Over a shorter horizon, he expressed much higher confidence: Bitcoin is projected to reach $200,000 to $250,000 within the next two to three years.
He pointed to two wildcards. First, artificial intelligence: as more wallets are created for AI agents, where will they store value, and will their decisions mirror human behavior? Second, the threat of quantum computing. Coutts bluntly argued that Bitcoin developers downplaying this risk are ‘on the wrong side,’ adding that the community must take decisive action by 2027 at the latest.
The real takeaway from Coutts’ outlook is not just the ambitious figures, but the nuance: he is not promising a moonshot tomorrow. While the trend remains downward, the pace is decelerating - a distinction often missed by traders fixated on red charts. For patient market participants, a slowing decline is often far more meaningful than premature calls of a bottom.
Reported via Cointelegraph.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
