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According to PANews, CryptoQuant's Head of Research, Julio Moreno, shared insights on the Milk Road program, suggesting that Bitcoin may have entered a bear market two months ago. Moreno's analysis, based on indicators such as the one-year moving average, points to this conclusion. He further predicts that the bear market bottom over the next year could range between $56,000 and $60,000, considering Bitcoin's actual price and historical performance.