Analyst: Bitcoin market shows signs of weakness after breaking through $110,000
According to PANews, the current market trend of Bitcoin has shown signs of fatigue after breaking through $110,000, and analysts predict that it may be about to enter the next bear market. Technical analysis shows that the current price fluctuations of Bitcoin are similar to those of the previous bear market, and the next round of market downside target price is expected to be $69,000. Some market experts said that Bitcoin's long-term growth momentum remains strong, especially with the support of demand from decentralized finance (DeFi) and other application areas, and it may break through the current market pressure in the future.
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