BIT: Bitcoin is currently approaching a critical turning point

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ME News Report, April 17 (UTC+8), BIT tweeted, "Several independent technical indicators are gradually pointing to the same conclusion: the Bitcoin bear market that began in October 2025 may have already ended. In this week's report, we outline five signals, some of which have been effective in identifying significant bottoms since 2022. We also explain why the current market pattern differs from the prolonged consolidation seen in 2022. However, historically, Bitcoin rarely moves directly upward from its current position without experiencing a period of consolidation; such a pattern is almost unprecedented. Bear market bottoms are often accompanied by deeper retracements, with prices trading at a discount of over 20% to the overall market cost basis, and such sharp declines tend to occur during periods of genuine market pressure and significantly tightened regulatory environments. The signals we are currently tracking do not align with this pattern. On the contrary, increasing signs suggest that Bitcoin is approaching a critical inflection point." (Source: Foresight News)
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