Bitcoin is at a crucial point in 2026, facing a potential bear market. Analysis points to $65,000 as a key level, with $45,000 as a support line. The debate continues on whether Bitcoin is still tied to four-year price cycles. Bear markets are expected to remain as Bitcoin matures in the financial system. Eng predicts longer price cycles and lower volatility for Bitcoin.

The compressed price of Bitcoin suggests an upward relief rally may be imminent. Despite the debate on four-year cycles, history shows that Bitcoin has never ended a post-halving year lower than it began. The focus is on catching up with the power law trendline rather than abandoning it. Bitcoin still follows a single power law with remarkable stability over the years.

Read more at Cointelegraph: Bitcoin Power Law Gives $65,000 as Key Bear Market Level