CryptoQuant Research Director: Bitcoin May Have Entered a Bear Market for Two Months

According to Cointelegraph, CryptoQuant's research director Julio Moreno stated in the Milk Road program that, based on indicators such as the one-year moving average, Bitcoin may have entered a bear market for two months.

Moreno predicts that, based on Bitcoin's actual price and historical performance, the bear market bottom over the next year could be between $56,000 and $60,000.