Bitcoin price is falling again. Is the bear market starting for good? In my opinion, no, and what we are seeing now may be a prelude to the next phase of the bull market.
Bitcoin price is falling
Bitcoin price is falling again. This time the bears visited areas below USD 90,000. Currently, the price is only slightly above this level.
Ether fell to $3,000.
So is this a bear market? In my opinion, no. Of course, technically we fell below the moving average that everyone is talking about today. However, technical analysis allows you to estimate the probability. It’s not a verdict.
Why do I think the bull market will continue? It’s a matter of monetary policy.
For now, the chances of cutting interest rates they fall in September, but this does not change the fact that on December 1, the Fed will end the process of quantitative tightening, which should translate into increases in ether and altcoins.
In addition, in May, Jerome Powell will cease to lead the Fed, which should translate into more frequent cuts in interest rates. The president of the central bank will be someone nominated by Donald Trump. The US president has long been pushing the Federal Reserve to lower rates.
Cryptocurrency gains depend on liquidity. So if nothing bad happens in the US economy, the end of tightening and further rate cuts should help bulls in a new offensive in 2026.
According to the analyst
Ryan Lee, Chief Analyst at Bitget, also sent us an analysis of what has recently happened on the chart:
We view Bitcoin’s recent death cross, in which the 50-day moving average crossed the 200-day moving average from above, as a bearish technical signal with historically mixed results. While this pattern sometimes marks local lows followed by short-term rebounds, it has also preceded deeper corrections during longer bear market phases.
In the current environment, defined by stabilizing liquidity, returning institutional flows and weakening expectations for a rate cut in December (currently with a near 50% chance), traders should remain cautious. Additional pressure from reports such as Tom Lee’s warning about two large market makers facing financial deficits and persistent systemic risks suggests that defensive market sentiment may persist in the near term.
Against this backdrop, more defensive positioning, including strategic hedging or spot accumulation on platforms such as Bitget, can help investors navigate potential volatility while preparing for a medium-term rebound. We expect BTC to trade in the $90,000-$110,000 range in the short term, with ETH likely to consolidate between $3,000 and $3,600 by the end of November, assuming no significant market crashes.
