Bitcoin’s price has nudged above $64,000, posting a modest 2.4 % rise in the last 24 hours. Yet a fresh prediction suggests that the current rally is merely a brief respite before a prolonged bear market that could last up to three months. The analysis highlights an “overlooked indicator” that, according to the author, points to a sustained downward bias despite the recent uptick.
For everyday traders, this means that the recent gains should not be taken as a sign of a new bull run. Instead, the market appears to be in a phase of extreme fear, with the fear‑greed index sitting at 23. In such an environment, price swings can be sharp and unpredictable, and short‑term gains often reverse quickly. Retail investors should therefore treat any near‑term rally with caution and keep an eye on the indicator’s signals and on major support levels that could trigger a pullback.
The next key event to watch is whether the indicator’s bearish signal weakens or if a macro‑economic shift—such as a change in regulatory stance or a significant market event—provides a catalyst for a reversal. Until then, a prudent approach is to hold positions that are already in profit, avoid adding to the market during the current uptrend, and stay alert for any signs that the bear market’s duration might shorten.