Bitcoin Analysis: Is the Bear Market Over?

To confirm that a bear market has bottomed and a bull market is beginning, traders need to observe multiple confirmation signals simultaneously: a complete five-wave upward move, a break above key resistance levels, and the formation of a higher low in the subsequent pullback. The speaker emphasizes that individual signals like bullish divergences or short-term rallies are insufficient on their own, as bear markets can still produce upward movements that test resistance before resuming the downtrend. The most likely scenario remains that the bear market will extend into late Q3 or early Q4, with a potential low forming around October, though a 'mini bear market' scenario with an earlier bottom is possible but less probable.