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.

robot
Abstract generation in progress

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.

BTC0.27%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
CoinKingTrueAndFalsevip
· 05-25 10:50
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)