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Bitcoin Still Has Room to Fall | Bitcoin and Crypto News
Description
Bitcoin’s June slump signals a bear market bottom may still be ahead—trading below its 200-week average but above its realized price, hinting at further downside potential. Analysts point to midterm election years as possible turning points, with historical patterns suggesting accumulation could begin in the second half of 2024. While the market consolidates near $60K, support at $55K looms—if prices dip, it could mean Bitcoin’s true low hasn’t arrived yet.
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