Bitcoin Faces Short-Term Distribution – Analyst Explains Why Bull Market Remains Intact

Description

After weeks of intense selling pressure, Bitcoin (BTC) has entered a consolidation phase, trading below the $85K mark and above $80K. Bulls now face a critical test, as they must push BTC above $90K to prevent bears from driving prices lower. Bitcoin is currently down over 29% since reaching its all-time high (ATH) in January, sparking growing speculation about a potential bear market. Sentiment remains cautious, with traders unsure whether BTC has bottomed or if further downside is ahead. Crypt...