The Enigmatic Dance of Bitcoin: A Bear Market Beckons Amid Market Bounce
Bitcoin experienced a significant 30% drop from its peak, hitting a low of $76,600 in March 2025, amid a volatile market. The digital currency broke below a critical support level at $92,500, raising concerns about a potential bear market. Analysts note the completion of a five-wave surge since December 2022, with a bearish divergence in the RSI indicating potential downward pressure. A brief 10% uptick was observed, with $83,000 becoming a pivotal resistance level that could signal a trend shift if crossed. The market may see a corrective rally toward the $93,160 Fibonacci retracement resistance, though long-term bearish trends could persist. Investors are advised to exercise caution and seek guidance in navigating Bitcoin's unpredictable market dynamics.Bitcoin, the enigm...
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