Cointelegraph••1 min read
Bitcoin Enters 'Early Bear Phase' as $84K Becomes Key BTC Support
According to Cointelegraph, Bitcoin is showing signs of entering an early bear market phase. The cryptocurrency's profit cycle has reportedly turned negative for the first time since 2023, suggesting a shift in market dynamics. The report identifies $84,000 as a key support level for BTC. This development indicates a potential change in market sentiment surrounding Bitcoin, with the possibility of a prolonged downturn following a period of positive performance.
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