Analysis Company Says “Bitcoin (BTC) Has Halved Its Bear Market!” and Reveals Possible Bottom Levels!

Bitcoin (BTC) continues to experience sharp declines, and according to the data, a full-blown bear market is underway.

There is no doubt that Bitcoin is in a bear market at this stage, but the analytics company Kaiko says in its new report that the bear industry has “halved”.

The recent drop of Bitcoin, which was down $60,000 and may have cut the bear market out,” Kaiko Research said in its latest report.

Kaiko analysts argued that Bitcoin’s recent sharp correction represents a critical “turning point” in the current bear market.

analysts say the recent decline suggests that the market has’re-emerged from the positive post-halving rally and entered a new phase of growth’.

This period is the term for what Kaiko has historically described as a typical bear market time, about 12 months before an accumulation phase begins.

The most important correction since the 2024 Bitcoin halving was > “Bitcoin’s 32% drop”. The halfway point of the current bear market could be this correction, according to . Paraphrasingr ’It is.

When it is doubts that Bitcoin’S a bear market decline, the most important question for investors to ask “is this price bottom with $60,000 down?”

This level approximately coincides with Bitcoin’s 200-week moving average, which has historically served as long-term support.

But Kaiko says this isn’t the bottom of . Analysts at Kaiko said a 52% loss from Bitcoin’s previous ATH is shallow and small, as opposed to past bear market cycles.

Currently, Kaiko analysts say that “a 60% to 68% pullback in Bitcoin would be more closely aligned with historical lows.” It is so that Bitcoin would be a bottom of about $40,000 to $50,000, or less than the word “phraser”.

*This is not investment advice.

Thanks for reading Analysis Company Says “Bitcoin (BTC) Has Halved Its Bear Market!” and Reveals Possible Bottom Levels!