CryptoQuant Predicts Bitcoin Bottom at $55,000 Amid Bear Market
According to CryptoQuant, Bitcoin is yet to experience full capitulation, indicating the market remains in a Bear Phase.
CryptoQuant has analyzed the current state of Bitcoin and suggests that the cryptocurrency has not yet experienced its complete capitulation. The firm highlights that critical on-chain metrics continue to show signs of a Bear Phase instead of transitioning to an Extreme Bear Phase.