Bitcoin may have entered a bear market, with analysts predicting the bottom at $56,000-$60,000

【BitPush】An interesting point of view. The head of research at CryptoQuant mentioned in a recent podcast that, based on indicators like the one-year moving average, Bitcoin may have been in a bear market for about two months. What did he say? He combined Bitcoin’s actual price movements with historical patterns to speculate that the bottom range of this bear market should be between 5.6K and 60K. In other words, if this analysis is reliable, there might still be some decline before the bottom is reached. How it will specifically unfold depends on the market, but this kind of reasoning based on historical data is worth paying attention to.