Samson Mow: Bitcoin’s Bear Market Is Over, Bull Run Ahead

Jan3 founder Samson Mow said bitcoin may have already lived through its downturn this year, despite setting an all-time high in October.

He wrote on X:

“2025 was the bear market.”

He added:

“Decade long bull run.”

Mow frames 2025 as the downturn

Mow’s comments come after bitcoin hit an all-time high of $125,100 in October.

Other analysts have argued that October’s peak marked the cycle top and that 2026 could begin a new bear market.

PlanC echoes the “bear market” label

Bitcoin analyst PlanC posted a similar message.

PlanC said:

“If you made it through 2025, you made it through the bear market.”

PlanC also pointed to bitcoin’s yearly performance.

PlanC said:

“Bitcoin has never had two red yearly candles in a row.”

Price and sentiment into year-end

Bitcoin was down 8.98% since Jan. 1 and traded around $87,210 at the time of publication.

Market sentiment was also weak.

The Bitcoin Fear and Greed Index fell to 20 out of 100 on Dec. 26, extending a stretch of “extreme fear” that began Dec. 13.

2026 forecasts remain divided

Veteran trader Peter Brandt has suggested bitcoin could fall to $60,000 by Q3 2026.

Fidelity’s Jurrien Timmer said 2026 could be a “year off,” with a potential low near $65,000.

Bitwise CIO Matt Hougan has argued 2026 will be an “up year” for bitcoin.