Analysts at VanEck believe Bitcoin hasn’t hit the bottom of this market cycle yet. Their take comes after digging into BTC price action and current crypto market trends.

VanEck’s Stance on BTC

In their latest report, VanEck notes that despite recent BTC price swings, they don’t see any real signs of a solid bottom forming. According to their analysts, the market could see more downside for BTC before we get a shot at the next bull run.

What’s Shaping the Market

VanEck points to ongoing uncertainty and a lack of clear reversal signals. Their analysts warn investors to stay cautious and keep a close eye on how things play out.

Possible Bitcoin Scenarios

VanEck says Bitcoin’s next moves will depend on a bunch of factors, including overall market sentiment and what the whales are up to. Their experts recommend not jumping to conclusions about this downtrend being over just yet.