Bitcoin Bear Market Is Still Here, and BTC Could Plunge Under $50K: Analysts Warn

After a solid multi-day run, the primary cryptocurrency lost momentum again, dipping below $70,000. Numerous analysts caution that the bears still control the market, expecting much more substantial price declines in the near future. Where’s the Bottom? The recent FOMC meeting, and especially Chairman Jerome Powell’s subsequent speech, poured cold water on BTC, which earlier this week touched $76,000 for …