Analysts from CryptoQuant forecast that Bitcoin's bear market bottom will occur around December 2026, with prices ranging between $55,000 and $60,000. The prediction suggests a final liquidation phase is necessary for the bottom formation. Key on-chain indicators, such as the MVRV Z-score, have not yet entered negative territory, indicating the market has not reached extreme pessimism. Historically, bear market bottoms coincide with the MVRV Z-score dipping below zero. Analysts anticipate a two-year accumulation phase post-bottom, aligning with the Bitcoin halving cycle in 2028, potentially leading to a bull market peak in late 2029.