Odaily Planet Daily Report: Cryptocurrency analyst Jason Pizzino’s latest research indicates that the Bitcoin price may not reach its long-term bottom until October 2026. Currently, BTC trading volume continues to decline, similar to the pattern seen from late 2022 to early 2023, reducing the likelihood of a short-term bull market return. Meanwhile, CryptoQuant data shows that the share of large investors’ exchange deposits has decreased from 47% in mid-November to the current 21%, with average deposit amounts shrinking by 36%, indicating weakening selling pressure. If this trend continues, BTC price is expected to rebound to $99,000. Analysts point out that the 200-day simple moving average acts as a strong resistance, market risk appetite remains insufficient, and Bitcoin may need to undergo a consolidation period before a new round of market activity. (Cointelegraph)
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