Pseudonymous analyst NoName predicts Bitcoin could still fall to the $39,000-$49,000 range before finding its bear market bottom. The analyst expects Bitcoin to first rally to fill an unfilled fair value gap before dropping sharply into that zone. NoName compares current market sentiment to 2018, noting they sold BTC near its 2025 all-time high around $117,000. Bitcoin is currently trading around $63,000, down roughly 3% over the past seven days and approximately 50% below its October 2025 record above $126,000.
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