The market is quite uncertain, although there are more bearish factors on the horizon. What I would like to point out is that the market is cyclical. The price action of Bitcoin and Crypto in 2026 (and partly in 2025) was not positive but these are all situations that have already happened in the past. This is not a new or strange situation. You can earn both when you go up and when you go down (perpetuals). A price is simply given by the purchase/sales ratio, based on what prevails at that moment. Don't let the background noise fool you and continue with your strategies (DCA, yield farming, airdrop, gaming, etc). Bitcoin and blockchain technology (along with AI) is the future. Whoever is making money here (mainly with BTC) is because they bought when "blood is flowing in the streets", you have to accumulate when prices drop, not when there is total FOMO. Let's see the macro situation of the market!
Bearish factors:
- Psychological reasons for cyclical analysis (2014, 2018, 2022 were bearish. So 2026 will probably also be bearish). Bitcoin has followed this pattern since it was born:
2012=Halving.
2013=Bull Market (ATH in November 2013, 1k).
2014=Bear Market (bottom in Q4).
2015=Laterality.
2016=Halving.
2017=Bull Market (ATH in December 2017, 18k).
2018=Bear Market (bottom in Q4).
2019=Laterality.
2020=Halving.
2021=Bull Market (ATH as of November 2021, 69k).
2022=Bear Market (bottom in Q4).
2023=Laterality.
2024=Halving.
2025=Bull Market (ATH in October 2025, 125k).
2026=Bear Market? Bottom wen?
Ok, calling 2025 "Bull Market" is a bit of a stretch. This time it was brought forward by several months, due to ETF. However, it is an objective fact that Bitcoin made its final ATH in Q4 2025. What has been missing are the strong altseasons like in 2017 and 2021, however this may have depended on the liquidity that has been diluted between millions of new tokens. In reality, the global market cap of the market between the end of 2024 and between September/October 2025 made ATH.
- Months from May to August are historically negative ("sell in May and go away").
- On the chart side, BTC's price action seems weakened (lower low below 75k. This can create a mega range up to 65k).
- Institutional sales of ETF (distribution). Huge 1.3B Dark Pool sale by Blackrock. In the previous months there was a slight accumulation, after the huge sales between October 2025 and January 2026.
- Stocks, as far as Tech companies (AI and superconductors) are concerned, are in a huge bubble. High concentration of the S&P500 in 6-7 shares, over 40% of the total, is synonymous with total FOMO and bursting of the bubble (I wrote an article a few days ago: Everything You Need to Know About the Most Anticipated IPO: SpaceX, Anthropic, OpenAI).
- ECB will increase rates in June (due to the energy crisis and rising inflation. Oil prices remain very high).
- FED is expected to increase rates in December 2026, another possible increase in 2027.
Bullish factors:
- Possible end of the war.
- Trump announcements on Bitcoin (reserves and the like).
- Clarity act on stablecoins.
- Although connected to stocks, Elon Musk's SPCX will launch at the end of June 2025. Other huge AI-related IPOs will follow: Anthropic and OpenAI. Crypto market is not following the tech stock bubble, however SpaceX has a lot of Bitcoin on its balance sheet (Elon Musk may make announcements). The launch of these huge IPO can revitalize the markets but is often also a negative indicator (it marks the end of the cycle).
These factors (more bearish than bullish) do not mean that you should sell your assets (if you are exposed to "tech" stocks, perhaps you would be better off rebalancing by taking profits) but that any declines are opportunities for long-term accumulation. However, you should only accumulate assets in which you have long-term conviction (BTC and little else), avoid accumulations on speculative altcoins. Remember that the new Bitcoin halving is less than 2 years away!
Article always updated with all the possibilities of on-chain farming (airdrop): Some Sites To Earn Crypto Bonus (Old & New)
