Bitcoin bear market still in play as power law sees $65K 'do-or-die' price

Bitcoin is currently in a bear market, with analysts highlighting a critical price level of $65,000 as a "do-or-die" point for the cryptocurrency. This threshold is significant due to a power law that suggests Bitcoin's price must hold above this level to maintain bullish momentum. If Bitcoin fails to sustain this price, it could signal a prolonged downturn. Market sentiment remains cautious as traders monitor price movements closely, with many awaiting clearer signals for a potential recovery.

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