Matrixport: Prices have broken below key levels, confirming the market has entered a bear market phase.

According to ME News, on February 13th (UTC+8), a weekly report from Matrix on Target confirmed that Bitcoin's price has fallen below a key level highlighted by analysts, confirming the downtrend. The current pullback in Bitcoin's magnitude and pace is similar to historical downtrend phases. Market discussion has shifted from "whether the trend has reversed" to "when will the next more worthwhile investment window arrive?" Historically, analysts have successfully identified the starting points of Bitcoin bull markets and predicted that the current cycle's peak could reach $125,000. Between late 2024 and October 2025, Bitcoin repeatedly exhibited characteristics of a fifth bull market nearing its end, indicating gradually weakening bullish momentum. With the price breaking below key levels, the market has entered a bear market confirmation phase. (Source: ME)