BlockBeats reported that on December 2, Derek Lim, research director of crypto market maker Caladan, stated that Bitcoin may continue to fluctuate within a range, consolidating between $83,000 and $95,000. However, experts still insist that Bitcoin is currently in a bull market pullback stage, rather than having entered a Bear Market. Unlike the peak of the last cycle, “we are not seeing widespread frenzy or excessive speculation.” Additionally, analyst Tim Sun indicated that Bitcoin is unlikely to enter a strong one-way upward trend before the end of 2025; a more realistic scenario is “struggling to form a bottom.” “As long as people’s expectations for the Fed to adopt an accommodative policy in 2026 are not completely dashed… this phase is more likely to be a bottom consolidation rather than a new long-term Bear Market. However, if it falls below $75,000, then this prediction will become invalid and could lead to a deeper decline.” (Decrypt)
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