Crypto Market May Be Nearing Bear Market End
According to the latest research report from Compass Point, the crypto market has entered the final stage of the bear cycle. Without a broader US stock market downturn, Bitcoin could stabilize between $60,000 and $68,000.
Technical Support at Key Levels
Analysts highlighted significant support from long-term holders around the $65,000 mark. These investors, who bought during previous highs and maintained their positions, form a crucial technical foundation.
Potential Risks and Challenges
The report warns that the $70,000 to $80,000 range lacks structural support, with ETF outflows continuing to pressure prices downward.
- A避险 shock similar to 2022 could test $55,000 support
- Regulatory progress remains slow but ongoing
- Funding rates suggest a potential bottom may be forming