Bitcoin Bear Market Could Get Worse Despite the Latest Relief Rally

Bitcoin continues struggling below $70,000 amid a persistent downtrend that has limited upside attempts for weeks. Historical cycle data and on-chain signals suggest bearish conditions may persist despite short-term relief rallies, with structural indicators pointing to continued price constraints.

• →Bitcoin price remains under sustained pressure and unable to reclaim the $70,000 resistance level.
• →A persistent downtrend has been capping Bitcoin's upside attempts for several weeks.
• →Historical cycle data indicates that the current bearish market conditions may continue.
• →On-chain signals suggest structural weakness despite occasional short-term rallies.
• →Technical indicators imply Bitcoin could remain price-constrained in the near term.