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Bitcoin (BTCUSD) Signals Gradual Bear Market Bottom Formation Amid Key Metrics Above Lows

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The Story

News Summary

  • CryptoQuant indicates Bitcoin's ultimate bear market bottom is near $55,000, months away, with key valuation metrics and realized losses not yet signaling full capitulation.
  • Short-term declines may occur before a potential recovery by year-end, supported by cautious outlooks like Standard Chartered's forecast.
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Stored market data

BTCUSD price history

77376.64 +15.49% over the displayed period

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