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

Analysts indicate that Bitcoin's current price decline has not yet reached its ultimate bear market bottom. Despite significant losses, experts believe further downturns could occur before a recovery begins. Market sentiment remains cautious, with many investors awaiting clearer signals for a potential turnaround. Historical patterns suggest that Bitcoin may need to experience more extensive corrections before stabilizing. Overall, the outlook remains uncertain as traders navigate the volatile landscape.

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