Cointelegraph2h agoBusiness
Bitcoin Market Harder to Define as Analysts Debate Cycle Bottom
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- Bitcoin hovers around $64,000, down nearly 50% from its peak.
- Analysts are divided on whether the cycle bottom has been reached, with some citing ETF inflows and institutional demand while others point to incomplete cycle signals and global macro conditions.
- The market's increasing integration with traditional finance and competition for global liquidity are reshaping traditional cycle analysis.
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Bitcoin hovers around $64,000, down nearly 50% from its peak. Analysts are divided on whether the cycle bottom has been reached, with some citing ETF inflows and institutional demand while others point to incomplete cycle signals and global macro conditions. The market's increasing integration with traditional finance and competition for global liquidity are reshaping traditional cycle analysis.
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This article was originally published by Cointelegraph.
