A prominent crypto analyst has asserted that Bitcoin (BTC) needs to reach its bottom before the broader cryptocurrency market can recover. The analyst highlighted that an altseason is unlikely to commence until BTC stabilizes, as the market is currently gripped by extreme fear, with the CMC Crypto Fear and Greed Index at 15. Bitcoin's price has dropped below $90,000, while Ethereum (ETH) has fallen under $3,000. Despite these declines, Bitcoin's 24-hour trading volume has surged by over 40%. The analyst pointed out that Bitcoin remains in a significant downtrend, and the focus is on when it will bottom out, which is crucial for any potential altcoin rally.