Analysts: Bitcoin May Be Out of Bear Market

The framing around cyclical patterns is a familiar but fragile lens in crypto markets, where historical analogs often oversimplify structural shifts. This matters because it signals a tentative shift in sentiment among observers, which can influence positioning even without fundamental confirmation. The open question is whether this cycle holds up against macro headwinds or regulatory pressures that differ from past entries. What warrants attention is whether sustained volume and on-chain activity corroborate the pattern, rather than relying on calendar-based expectations alone.