According to a weekly report released by Matrix on Target on February 13th, Bitcoin's price has fallen below a key level highlighted by analysts in their report dated October 31, 2025, confirming the downward trend. The current pullback in Bitcoin's magnitude and pace is quite similar to historical downward phases. Market discussion has shifted from "whether the trend has reversed" to "when will the next more worthwhile investment window arrive?"
Looking back, analysts successfully identified the start of the Bitcoin bull market on October 28, 2022, and predicted on July 6, 2023, that the peak of this cycle might reach $125,000. Between late 2024 and October 2025, Bitcoin repeatedly exhibited characteristics of a fifth bull market nearing its end, indicating a gradual weakening of bullish momentum. With prices falling below key levels, the market has entered a bear market confirmation phase.
