A Trader Predicts Bitcoin Bear Market, Eyes Silver Bull Run

A trader known as Bluntz, who accurately predicted the top of the Bitcoin market earlier this year, is now forecasting a period of declining prices for the leading cryptocurrency in the coming months. With a social media following of over 318,000 on X, Bluntz believes that Bitcoin is currently in a bear market that could last for about two years.

According to Bluntz, he arrived at this timeframe by analyzing the duration of the most recent Bitcoin bull market, which he states lasted from December 2022 to January 2025. He suggests that this bear market could potentially extend into 2027, with a possible 25% margin of error.

Bluntz also predicts that Bitcoin could experience a decline of up to 55% from its current value before reaching a bottom in the bear market. When asked about the downside price target for BTC, Bluntz mentioned a figure of $36,000, while Bitcoin is currently trading at $80,296.

Despite his bearish outlook on Bitcoin, Bluntz has identified a potential bull run in the precious metals market, specifically in silver. By analyzing the gold versus silver chart, Bluntz believes that silver is poised to outperform gold in the near future. With the Elliott Wave theory in mind, he suggests that a bearish gold-versus-silver chart indicates that silver may see a significant uptrend.

Last week, gold reached a new all-time high of $3,167 per ounce, while silver is currently trading at $30 per ounce. This disparity in prices could indicate a potential shift in market dynamics favoring silver over gold.

For the latest updates and insights on cryptocurrency and precious metal markets, follow Bluntz on X and stay informed about potential trading opportunities.

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