# Grayscale: Bitcoin Bear Market Nears Its End Grayscale's analysis on Bitcoin prices and future movements. - **Source:** [News - Cryptonews](https://brifing.si/source/42333b6f-1c05-4a49-9914-7553e71d2223) - **Published:** 2026-07-26 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/8ed7f116-49b9-431a-bfaa-59acd7c69f67 ## Bitcoin's Current Status Bitcoin is trading between $64,500 and $66,000 over the past 24 hours. Grayscale's Head of Research Zach Pandl suggests the bear market may be over. However, the conditions behind this view are crucial. ## Four-Year Cycle Theory According to the traditional four-year cycle theory, Bitcoin could revisit the $50,000 level. This model historically predicts deep corrections. However, Grayscale challenges this theory. ## Long-Term Uptrend Grayscale views Bitcoin's recent decline as a pullback within a long-term uptrend. In this scenario, a durable floor may have formed between $60,000 and $65,000. ## The Role of the Federal Reserve Federal Reserve policy decisions are critical for Bitcoin's future. Stable interest rates support the bullish scenario. However, macroeconomic data could change this situation. ## Bitcoin ETFs and Institutional Interest Spot Bitcoin ETFs continue to attract institutional interest. This reinforces Bitcoin's constructive outlook. However, whether this demand will persist remains uncertain. ## Bitcoin's Future If Bitcoin breaks above the $66,000 resistance, it could potentially rise to $68,500 to $70,000. However, maintaining the $60,000 support is also critical. Grayscale's analysis provides important clues for the market's future. ## Sources covering this story - https://cryptonews.com/news/bitcoin-price-prediction-grayscale-bear-market/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._