Compass Points analyst has released an interesting report, saying that the bearish trend of Bitcoin is finally starting to come to an end. Looking at recent market trends, it seems that the $60,000 level is an important support line. Currently, BTC is trading around $74,500, so there's still quite a distance to that level.

Whether these support lines actually hold depends on market participants' psychology, but the fact that major analysts are mentioning this suggests that the overall market might be starting to become aware of a bottom zone. The final stages of a bear market are likely judged by accumulating these small signals.