According to the weekly report released by Matrix on Target, Bitcoin’s price has fallen below the key level highlighted in the report dated October 31, 2025, confirming a downward trend. The current retracement magnitude and pace closely resemble those observed during previous cycle downtrends. The market’s focus has shifted from “whether the trend has reversed” to “when the next compelling allocation window will emerge.” Looking back, analysts successfully identified the start of Bitcoin’s bull market on October 28, 2022, and predicted on July 6, 2023, that the peak of this cycle could reach $125,000. Between late 2024 and October 2025, Bitcoin exhibited multiple characteristics signaling the approaching end of its fifth bull cycle, indicating a gradual weakening of bullish momentum. With the price now below the key level, the market has entered the confirmed bear phase.
Matrixport: Bitcoin Price Falls Below Key Level, Bear Market Confirmed
TechFlowShare
Summary
Today’s Bitcoin price has fallen below a key level outlined in Matrixport’s October 31, 2025 report, confirming a bear market. The current Bitcoin price and its downward pattern mirror historical bear market trends. Analysts previously predicted a Bitcoin price target of $125,000 for July 2023, but bullish momentum has since weakened. With the price now below this critical threshold, the market has entered the bear market confirmation phase.
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