Analysis: After Bitcoin breaks through $110000, the market shows signs of fatigue, and the next bear market target may be $69000

According to Cointelegraph, the market trend shows some signs of fatigue after Bitcoin breaks through $110000, and analysts predict that it may soon enter the next bear market. Technical analysis shows that the current price fluctuations of Bitcoin are similar to previous bear markets, and it is expected that the target price for the next market downturn may be $69000. However, some market experts suggest that Bitcoin's long-term growth momentum remains strong, especially with the support of demand in decentralized finance (DeFi) and other application areas, and may break through current market pressures in the future.