Bitcoin (BTC) is ending one of its most bearish weeks this year. The Bitcoin price has fallen by more than 19% to close the week around the $60k resistance level. A combination of factors led to the BTC price drop, including Strategy’s (MSTR) first Bitcoin sale in years.While Strategy sold only a portion of its BTC holdings, the fear in the market has been enough to cause a major price plunge. On the backdrop of this, analysts at Compass Point have shared reasons why the BTC bear market could end soon.Why Bitcoin Price is StrugglingBitcoin’s steep descent from grace this week was fueled by a confluence of macroeconomic anxiety, shifting institutional sentiment, and unexpected corporate selling triggers.A primary catalyst for the worsening market sentiment began when a prominent investment firm, Strategy, announced its first Bitcoin sale in years. Although the firm only disposed of a tiny fraction of its massive holdings, the psychological impact on retail and institutional investors was swift.It sparked immediate fear that long-term corporate treasuries might be losing faith. Compounding this corporate anxiety is a significant macro shift among institutional players. Spot Bitcoin ETFs, which drove the historic rally earlier in the year, have recorded 13 consecutive days of net capital outflows.Institutional investors are heavily pulling back, moving away from risk assets due to geopolitical tensions tied to the ongoing Iran conflict. This institutional retreat has left the market highly illiquid and highly vulnerable to severe downside liquidations.Compass Point Analyst Says Bear Market is Ending SoonWhile the current retail sentiment is mired in extreme fear, Ed Engel, an elite financial analyst at Compass Point, has provided a highly constructive counter-narrative. According to Engel, a deeper look at blockchain on-chain data reveals that the market is currently undergoing a classic, textbook capitulation phase.Compass Point’s research highlights a massive behavioral shift among Bitcoin’s most dedicated entities. Long-term holders (investors who have held their coins for at least 155 days) have broken their long streak of accumulation and are actively exiting positions, flooding the market with over $2 billion in supply over just a few days.Crucially, about 26% of the Bitcoin sold over the past month came from late-cycle investors who originally bought near the absolute market top above $90,000. When late-stage buyers and long-term hodlers collectively throw in the towel out of sheer exhaustion, analysts recognize it as the final phase of seller exhaustion.This heavy redistribution of wealth from panicked hands to strong, patient capital suggests that the current bear cycle is very close to its cyclical floor, offering an optimal buying window for long-term investors.BTC Price Struggles Around $60,000The price action for Bitcoin over the week has been a painful sight for bullish traders. On the weekly timeframe, Bitcoin price has fallen by 19%. BTC price now trades at $60,090, in terms of value.Bitcoin now trades under key support levels at $70,000 & $65,000. With BTC now under these key historical support baselines, investors became more tense, increasing the selling.Technical Indicators Are BearishDespite the bullish long-term Compass Point analysis, Bitcoin indicators on Investing.com are still showing strong bearish signals. BTC technical indicators and moving averages on the hourly, daily, weekly and monthly timeframes are all strong sells.The MACD (12,26) indicator is very bearish at -3477.1. The CCI (14) and RSI (14) are also in the deep bearish zone. What these indicators are saying is that in the short-term BTC could continue dropping. If this bearish momentum continues, BTC price could drop to $55,000.