PANews reported on May 25 that, according to Cointelegraph, after Bitcoin broke through $110,000, the market trend shows signs of fatigue, and analysts predict that it may be about to enter the next bear market. Technical analysis shows that the current price fluctuation of Bitcoin is similar to previous bear markets, with the expected target price for the next market downturn possibly being $69,000. Nevertheless, some market experts suggest that Bitcoin's long-term growth momentum remains strong, especially with support from demand in decentralized finance (DeFi) and other application areas, which may break through current market pressures in the future.
