Analysts Warn of ‘Crypto Winter’ Onset: Bottom Expected at $56,000
Analysts at CryptoQuant suggest a bear market shift as demand slows.
The surge in demand for the leading cryptocurrency has slowed, potentially indicating a shift to a bear market, according to analysts at CryptoQuant.
Experts predict that the bottom will form near the realised price, approximately $56,000. This would represent a 55% drop from the historical peak. An interim support level is identified at $70,000.
Analysts noted that since 2023, the industry has experienced three…
