Cryptocurrency analyst Axel predicts the current bear market, which began from the all-time high of $125,000 in October 2025, will continue until mid-2027. This forecast is based on the Entity-Adjusted Liveliness metric, which peaked at 0.02676 in December 2025 and has since reversed downward, indicating the start of an accumulation phase. Historically, such phases have lasted between 1.1 and 2.5 years, with the current pattern mirroring previous cycles. Axel highlights the importance of the 90-day moving average crossing below the 365-day moving average at 0.02622 as a key signal confirming the bear market's continuation. Until this crossover occurs, there remains a possibility of a mid-cycle reset and a potential resumption of the uptrend.