Bitcoin’s 2025 ‘bear Market’ Could Precede Decade-long Rally: Mow

Bitcoin reached new all-time highs in October, yet Jan3 founder Samson Mow has described the year as a “bear market” and anticipates a major bull run ahead.

Bitcoin hit new all-time highs in October, but Jan3 founder Samson Mow has described 2025 as a “bear market,” arguing the past year may mark the reset before a much longer rally.

However, other analysts have argued that Bitcoin’s (BTC) all-time high of $125,100 in October marked the cycle high and 2026 could be the start of a new bear market.

“2025 was the bear market,” Mow said in an X post on Friday, adding that Bitcoin may be about to record a “decade long bull run.” Mow has previously argued that sideways price action, declining sentiment and underperformance relative to expectations can still constitute a bear market, even if headline prices remain elevated.

Mow isn’t alone in his view of the year, with Bitcoin analyst PlanC echoing a similar sentiment. “If you made it through 2025, you made it through the bear market,” PlanC said in an X post on the same day.

“Bitcoin has never had two red yearly candles in a row,” PlanC said, as the cryptocurrency is on track to end the year below its opening price.

Bitcoin is down 8.98% since Jan. 1, trading at $87,210 at the time of publication, according to CoinMarketCap. Bitcoin’s price is well below projections made by BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee, who suggested as recently as October that Bitcoin could still reach $250,000 by year-end.

Market sentiment has been hovering near lows for most of December.

On Thursday, the sentiment-tracking Crypto Fear & Greed Index fell three points to a score of 20 out of 100 on Dec. 26, hitting a two-week stretch of “extreme fear” that started on Dec. 13.

Industry executives and analysts are divided on how Bitcoin will perform in 2026.

Source: CoinTelegraph