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Analysis: After Bitcoin broke through $110,000, the market showed signs of fatigue, and the target for the next Bear Market may be $69,000.
PANews May 25 news, according to Cointelegraph, after Bitcoin broke through $110,000, the market trend has shown some fatigue, and analysts predict that it may soon enter the next round of Bear Market. Technical Analysis shows that the current price Fluctuation of Bitcoin is similar to that of previous Bear Markets, with an expected target price of $69,000 for the next round of market decline. Nevertheless, some market experts indicate that Bitcoin’s long-term rise momentum remains strong, especially supported by the demand in Decentralized Finance (DeFi) and other application fields, and it may break through the current market pressure in the future.