Bitcoin's Breakdown Signals Potential Bear Market

Bitcoin's Breakdown Signals Potential Bear Market

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Categories: Market Analysis Bitcoin

Concerns are rising over the state of the crypto market after Bitcoin experienced a significant breakdown below its long-term support levels. On-chain data and market sentiment reflect increasing stress, though a definitive bear market cycle remains unconfirmed.

Bitcoin’s breakdown below its long-term support has raised fears of a new bear market. On-chain and sentiment data show stress, but the cycle remains unconfirmed.