Kaiko Research: Bitcoin drops to $60,000 may mark the halfway point of the bear market process

BTC2,22%

ChainCatcher reports that, according to Cointelegraph, Kaiko Research states that the sharp correction in Bitcoin earlier this month may represent a key “midway point” in this bear market cycle.

Kaiko points out that this decline indicates the market has shifted from the euphoric phase following the halving to a more historically typical bear market cycle. This phase usually lasts about 12 months before entering a new accumulation period.

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