Cantor Fitzgerald Predicts Bitcoin May Hit Bottom by End of October, Down 51% From Peak

BTC2.70%
According to Cantor Fitzgerald, Bitcoin and the cryptocurrency market are entering the final phase of a bear cycle, with a potential bottom by the end of October. The analysis, cited by CoinDesk, notes that as of June 10, the cryptocurrency had fallen approximately 51% from its peak in 252 days. Cantor analysts observed that Bitcoin has historically reached its bottom in an average of 384 days, suggesting the downturn could conclude within the next few months.
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