Multiple analysts predict that Bitcoin will be in a bear market by 2026 or fall to $58,000. Summarizing various forecasts, many believe that 2026 could be a Bitcoin bear year, with prices possibly retreating to around $58,000. Recently, Bitcoin broke through several support levels, and analysis indicates that selling pressure is increasing, risks are rising, and the price may drop to $84,000 or lower in the future. According to BlockBeats, on January 23, Cointelegraph reported that several analysts expect 2026 to be a Bitcoin bear year, with multiple predictions suggesting the price could fall back to around $58,000. Analyst Titan of Crypto recently stated, "Bitcoin has just issued a bear market signal," based on a bearish crossover in the MACD on a two-month cycle. He pointed out that, based on historical experience, similar technical patterns often trigger a 50%–64% retracement. The latest round of selling has caused BTC to retreat about 9% from its 2026 high of $97,930. As a result, Bitcoin has broken through several key support levels, including the current 75% percentile cost basis at $92,940. Glassnode posted on Thursday that Bitcoin "has now fallen below the cost basis of 75% of the supply, indicating that distribution (selling) pressure is rising," adding, "Risks have clearly increased, and the downside remains dominant until the level is reclaimed." Trader Merlijn The Trader analyzed that Bitcoin's price "has returned to the support level of the upward trendline," which is in the range of $89,000–$90,000. He further stated that if this level is broken, the price is likely to retest the lower end of the range, around $84,000. A heatmap of Bitcoin's cost distribution shows that over the past six months, investors have accumulated approximately 941,651 BTC near this price level, indicating that this range is a significant support zone. The next major support level is around $80,000, where historical data shows about 127,000 BTC were bought in that price range. Several analysts believe that weakening derivatives markets, long-term holders selling off, and increased transfer of Bitcoin to trading platforms could push Bitcoin into a more prolonged downward trend this year.