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via Decrypt · By Decrypt Editorial

Is This Bitcoin Bear Market Different? Analysts Weigh In

BTC

BTC/USDT

$61,770.25

-1.60%

$61,770.25

-1.60%

(24s)

24h Volume

$29,448,792,412.51

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

68.7%

Long: 68.7%Short: 31.3%

Funding Rate

-0.0006%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,754.01

▲ 1.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,395.60

Resistance 1$61,781.95

Price$61,754.01

Support 1$61,035.43

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$61,467.12

Trend:Downtrend

RSI (14):36.3

Decrypt Editorial

(11:25 AM UTC)

1 min read

Updated byMichael Roberts

1356 views

0 comments

In brief

Bitcoin's current bear market drawdown of around 36% from its ATH is shallower than historical cycles, which saw 40–50% declines.
ETF inflows and corporate treasury accumulation have introduced structural demand that analysts say is reshaping how Bitcoin cycles play out.
One analyst noted that similar conditions—above True Market Mean and STH cost basis—preceded bear market resumptions…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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