The analysis posits that Bitcoin has definitively entered a bear market, a conclusion drawn from its consistent position within the Gaussian Channel's red zone, a historical indicator of downward trends. This phase is termed the 'peanut gallery,' signifying a period of high volatility where uninformed traders experience significant losses. Bitcoin has been exhibiting this bearish pattern for approximately two months. Key resistance levels, including the 8-day moving average and the Gaussian Channel's upper band around 102,000-103,000 USD, reinforce the bearish outlook as long as the price remains beneath them. Historically, after 140-180 days from a market peak, prices tend not to revisit prior highs for extended periods, suggesting a prolonged bear market. For Dogecoin, a similar bearish trajectory is anticipated. The analyst highlights past instances in 2022 where Dogecoin recorded lower lows, diverging from Bitcoin's temporary relief rallies. A prominent wick on Dogecoin's chart indicates a likely price target between 0.05 and 0.06 USD, with 5 cents explicitly stated as the base case for the next 12 months. This projection is indirectly supported by MicroStrategy's stock performance, which has also struggled to find sustained relief. The analysis cautions against expectations of an 'altcoin season,' emphasizing that while brief relief rallies are possible, they are likely to be followed by further declines toward the predicted lower targets.