Bitcoin Plunges, Analysts Warn of Bearish Conditions

Bitcoin faces severe challenges as it hovers around $101,000, extending a week-long decline of nearly 7%. CryptoQuant warns of potential downside targets near $72,000 if it cant recover above $100,000 soon. Glassnode, however, disagrees, viewing the current phase as a mid-cycle correction rather than a full-blown bear market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.