Has Bitcoin bottomed for this cycle? Analysts say 'not yet'
CoinTelegraph·
60-second summary
Bitcoin analysts are divided on whether the cryptocurrency has bottomed for this cycle, with some warning of a deeper downside risk and others spotting early signs of a recovery. A majority of analysts still believe in a potential 30-40% drop, while a minority sees a 20% rebound. Market sentiment remains cautious, awaiting a clear trend reversal.
Some Bitcoin analysts point to a deeper downside risk, while others believes they can see the early signs of a recovery.