Analysis: After Bitcoin Breaks $110,000, the Market Shows Signs of Weakness; Next Bear Market Target May Be $69,000

According to HashKey Chain, Cointelegraph reports that Bitcoin is currently showing signs of weakness in the market after breaking $110,000. Analysts expect that we may soon enter the next bear market. Technical analysis indicates that Bitcoin's current price fluctuations are similar to previous bear market performances, with the next target price for market downturn potentially being $69,000. Nevertheless, some market experts state that Bitcoin's long-term growth remains strong, especially with support from decentralized finance (DeFi) and other application demand, and there is potential for future breakthroughs beyond the current market pressures.