Bitcoin Nearing Late Bear Market Phase, Says Real Vision’s Jamie Coutts

Real Vision chief crypto analyst Jamie Coutts says Bitcoin may be moving toward the later stages of its bear market. While he considers a $1 million Bitcoin target by 2030 premature, Coutts said he is confident the asset could climb as high as $250,000 over the next couple of years.

The comments matter because they frame Bitcoin’s current cycle in terms of market structure rather than short-term price action. For traders and crypto companies, the idea that Bitcoin could be entering the second half of a bear market points to a possible shift in sentiment, even if the timing and scale of any recovery remain uncertain.

Coutts’ view stops short of endorsing the most aggressive long-term forecasts. By saying it is far too early to call for $1 million by 2030, he draws a line between bullish conviction and speculative projections.

At the same time, his $250,000 outlook suggests that some analysts still see meaningful upside if Bitcoin’s cycle develops favorably over the next several years. That forecast remains a market view, not a guarantee, and investors should distinguish it from near-term certainty.

For now, the key takeaway is that Coutts sees Bitcoin as progressing through its bear-market phase while maintaining a bullish longer-term stance. His remarks add to the ongoing debate over where Bitcoin sits in its broader market cycle.