Analyst Says Bitcoin Bear Market Has Started, Predicts 50% Crash To $61,000
NegativeCryptocurrency

A recent analysis suggests that Bitcoin has entered a bear market, with predictions of a potential 50% drop to around $61,000. After reaching an all-time high of $124,000 in July, Bitcoin's price has been struggling to maintain momentum. While some believe this is just a temporary setback before a rebound, analyst EXCAVO warns that the current trends indicate a more prolonged downturn. This matters because it could significantly impact investors and the broader cryptocurrency market, shaping future trading strategies.
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