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**Bitcoin Nears Bear Market Bottom, Expert Jamie Coutts Issues Urgent Warning**

*Introduction*
Bitcoin’s price action has shown signs of stabilizing after a prolonged downturn, prompting market watchers to reassess the depth of the current bear phase. Real Vision’s chief crypto analyst Jamie Coutts recently warned that while the cryptocurrency may be approaching a bottom, investors should temper expectations of astronomical gains in the near term. His comments come amid renewed debate over long‑term price targets, with some analysts still touting a $1 million valuation by 2030.

*Key Developments*
Over the past month, Bitcoin has traded in a tight band between $26,000 and $28,500, reflecting reduced selling pressure and a modest uptick in on‑chain activity. Coutts pointed to declining exchange reserves and a rise in long‑term holder accumulation as early indicators that the market may be finding support. He emphasized, however, that these signals do not guarantee an immediate reversal; rather, they suggest the worst of the sell‑off could be behind us. In the same interview, Coutts dismissed the notion that Bitcoin will hit $1 million by 2030 as “premature hype,” arguing that such forecasts overlook regulatory headwinds and macroeconomic uncertainties. Instead, he projected a more modest but still substantial upside, estimating that Bitcoin could reach $250,000 within the next two to three years if current adoption trends continue.

*Industry Analysis*
Analysts at several research firms echo Coutts’ cautious optimism. On‑chain metrics such as the MVRV ratio and hash rate resilience have shown improvement, suggesting that miner confidence is returning. Meanwhile, institutional interest remains steady, with several hedge funds reporting increased allocations to Bitcoin‑linked products despite broader equity market volatility. Regulatory developments, particularly in the United States and Europe, continue to shape market sentiment; clearer guidelines

(责任编辑：Knowledge)