Bitcoin Is Down Bad, But Hasn't Yet Hit Its 'Ultimate Bear Market Bottom': Analysts

Bitcoin's price has significantly declined, but analysts believe it has not yet reached its ultimate bear market bottom. Current market conditions suggest that further declines could occur before a recovery begins. Factors such as macroeconomic trends and investor sentiment are contributing to the ongoing bearish outlook. Analysts are closely monitoring key support levels to determine when a potential turnaround might happen. Overall, the sentiment remains cautious as the cryptocurrency market grapples with uncertainty.

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