According to PANews, after Bitcoin broke through $110,000, the market trend has shown signs of fatigue. Analysts predict that it may soon enter the next bear market. Technical analysis indicates that the current price fluctuations of Bitcoin are similar to those observed in previous bear markets, with an expected target price for the next market downturn of $69,000. Some market experts believe that Bitcoin's long-term growth momentum remains strong, especially supported by demand in decentralized finance (DeFi) and other application areas, which may lead to a breakthrough of the current market pressure in the future.

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