Bloomberg reveals โ€” Bitcoin approaches the zone where it halted its decline in every previous cycle ๐Ÿ“Š

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๐Ÿ“Œ What Bloomberg said

Bitcoin has lost nearly half its value since October โ€” and a set of indicators that historically marked the end of bear cycles suggest that the decline may be entering its final phase

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๐Ÿ“Œ Key details

โ€” Analyst Brett Munster from Blockforce Capital is tracking 4 indicators โ€” one of which has already surpassed historical bottom levels, and two are crossing at the $54,000 to $58,000 range

โ€” Bitcoin touched $60,000 in February before bouncing back โ€” meaning it actually touched the upper edge of the potential bottom zone

โ€” Current price $73,800 โ€” above the potential bottom zone but the big picture remains cloudy

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โš ๏ธ Warning

This is the analysis of one analyst and not a guarantee โ€” history repeats itself but it is not copied exactly

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Do you think Bitcoin has reached its true bottom or that the decline is not over yet? ๐Ÿ‘‡

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