CryptoQuant Research Director: Bitcoin May Have Entered a Bear Market Two Months Ago

PANews reported on January 2nd that, according to Cointelegraph, Julio Moreno, Head of Research at CryptoQuant, stated on the Milk Road program that, based on indicators such as the one-year moving average, Bitcoin may have already entered a bear market two months ago. Moreno predicts that, based on Bitcoin’s actual price and historical performance, the bottom of the bear market over the next year could be between $56,000 and $60,000.