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Bitcoin Could Drop to $55K Before Recovery, Says CryptoQuant CEO
📰 sources⭐ 6.0
TL;DR:
Bitcoin may slide toward $55,000 before any durable rebound takes shape, according to CryptoQuant CEO Ki Young Ju. He argues that the market has already entered a confirmed bear cycle.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development could influence BTC price action and market sentiment in the near term.