When everyone is shouting about Bitcoin's crash... Is the real bull market starting now?

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At the very moment the market is shouting about a further Bitcoin crash, some analysts are instead claiming it's a "signal right before a parabolic surge." Although bearish sentiment has swept the market after Bitcoin was blocked by resistance near $83,000, voices are growing louder, citing increased institutional accumulation and global adoption trends as reasons for a potential new all-time high.

According to cryptocurrency specialized media Bitcoinist on May 24 (local time), crypto analyst Crypto Fergani diagnosed the current market sentiment by stating, "Everyone is shouting bearish." He argued that while pessimism has spread throughout the market since Bitcoin faced resistance near $83,000 recently, there are no clear negative factors for Bitcoin in reality.

On the contrary, institutional adoption and accumulation trends are strengthening, he explained. Fergani emphasized that major institutions are continuously accumulating Bitcoin, and the pace of global adoption is also accelerating. He compared the current market structure to the 2022 cycle, analyzing that Bitcoin surged 54.2% after a long period of sideways movement and bearish sentiment back then. Based on this, he predicted that Bitcoin is likely to enter a parabolic uptrend soon and record new all-time highs.

In particular, he predicted that Bitcoin could rise from its current level near $74,000 to $128,000 in the future. This implies an upside potential of over 72% from the current price. He also argued that this upward trend might not be limited to Bitcoin but could spread to the entire altcoin market, predicting that some altcoins could see gains of 50 to 100 times on average.

On the other hand, strong caution remains in some parts of the market. Cryptocurrency expert Bee analyzed that Bitcoin is currently entering the final downward phase of its market cycle. He diagnosed that all rebounds since Bitcoin hit a high of $126,000 in October 2025 have been met with selling pressure, and the strength of these rebounds is gradually weakening. He particularly warned that while retail investors are repeatedly shouting "bottom," the market continues to form lower highs and lower lows.

Bee argued that the downward trend might not end until a 'flash crash' occurs, which would liquidate excessive leveraged positions. He predicted that Bitcoin would likely need to plunge to the $47,000-$52,000 range for a true bottom to form. Bitcoinist reported that the market has now entered a phase where extreme optimism and pessimism collide, suggesting that volatility could further increase depending on future direction.

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