Grayscale Sees End of Bear Market for Bitcoin Amid Stable Rate Outlook

Grayscale's Head of Research Zach Pandl recently sparked debate in the trading community with his prediction that the bear market may already be over for Bitcoin.

Pandl outlined two competing frameworks for Bitcoin's next move, but Grayscale favors a different approach. According to this view, the recent decline is just a cyclical pullback within a longer-term uptrend.

The key variable in this scenario remains Federal Reserve policy, as a stable rate outlook supports the bullish case. Meanwhile, spot Bitcoin ETFs continue attracting institutional interest, reinforcing the constructive outlook.

Bitcoin's price has been trading around $64,500 to $66,000 over the past 24 hours, with resistance near $66,000. A confirmed daily close above this zone could open the path toward $68,500 to $70,000.