Bitcoin market performance has been underwhelming since its peak above $73,000 in March 2024. Instead of building on this rally, the top crypto has faced continued consolidation coupled with a series of declines, frustrating many investors. Currently, Bitcoin is down 22.7% from its March high, raising concerns over whether this signals the start of a deeper bear market. The decline has shaken confidence, with market analysts now questioning the near-term outlook for the digital asset. Related Reading: Bitcoin Price Could Extend Gains: Will Bulls Stay in Control? Bitcoin Price Continous To Struggle, Why? Analysts from IntoTheBlock, a market intelligence platform, have recently shared insights on X, reflecting the changing sentiment. In a post uploaded earlier today, the analyst noted: Bitcoin’s price remains under pressure, with no significant upward momentum. The market, once hopeful for a rally, now faces growing uncertainty as both retail and institutional interest appear to be dwindling. The analysts asked, “is this just a quiet phase or the start of a prolonged bear market?” To answer this question, IntoTheBlock first assessed Bitcoin price struggles and th ..
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