Bitcoin may be in final phase of bear market as market split into 3 camps & majority expects $40,000-$50,000 bottom. However, analyst sees $54-64K as key accumulation zone.
Bitcoin (CRYPTO: BTC) may be entering the final phase of its bear market, with widespread expectations for a drop to $40,000 possibly exaggerated, according to a prominent trader.Three Camps In BTC MarketIn his “Sunday Report”, crypto analyst Doctor Profit said the current market is split into three camps:
Those expecting Bitcoin to bottom between $40,000 and $50,000.
Those who believe the bottom is already in.
A smaller group anticipating a decline to $28,000-$33,000.
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