3 Major Warning Signs Suggest Bitcoin’s Bottom Is Still Not In
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Bitcoin fell to about $60,000 in early February then rallied nearly 38% to almost $83,000 last week before sliding back to a two week low near $78,000 yesterday. This contradictory price action has left analysts unconvinced the bear market is over, increasing short‑term market risk for crypto traders and dampening momentum for adoption, token launches and fundraising.
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After dumping to $60,000 during the early February crash, bitcoin rebounded swiftly and jumped to almost $83,000 a week ago, posting a massive 38% increase. This caused many analysts to speculate whether the bear market had ended.
However, the price action in the past few days has been contradictory, and BTC slipped to a two-week low of $78,000 yesterday. Analysts are not so convinced now that the bottom is in, and here are some of their warning shots.
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Coins
$ 70.02K
-3.69%
$ 0.00316
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In This News
Coins
$ 70.02K
-3.69%$ 0.00316
Predictions Markets
See what traders are focused on
Share:
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