The analysis evaluates Bitcoin's market position based on Fibonacci retracement levels and historical bear market patterns. Bitcoin has demonstrated a failure to reclaim the 0.382 retracement level, positioned at approximately 95,544.74. This inability to surpass this resistance point maintains a prevailing bearish sentiment for the asset. Historically, prior bear markets exhibited price retracements up to the 0.5 Fibonacci level before a subsequent decline. Currently, the price trajectory is struggling to move beyond the 0.382 retracement, indicating continued bearish pressure. A potential, albeit temporary, bullish move could occur if Bitcoin reclaims the 0.382 level, potentially targeting the 0.5 retracement at 100,769.83, or even the 0.618 retracement at 106,280.67. However, a definitive shift to a new bull market is predicated on sustaining price action above the 0.618 retracement at 106,280.67. Conversely, persistent failure to reclaim the 0.382 retracement reinforces the bearish outlook. A confirmed breakdown in price is anticipated if Bitcoin falls below the 0.236 Fibonacci retracement, located at approximately 89,453.34, with a projected downside target at the 0 Fibonacci level of 80,417.11.