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Analyst: It may take several months for Bitcoin to return to the $100,000 mark after the flash crash

Analyst: It may take several months for Bitcoin to return to the $100,000 mark after the flash crash

金色财经金色财经2026/02/03 06:17
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Jinse Finance reported that Bitcoin's weekly closing price on Sunday was $76,931, marking its first drop below the 100-week moving average since October 2023. Analysts are currently assessing whether this trend signals the beginning of a bear market and what this change could mean for Bitcoin's long-term recovery. Key points: Bitcoin's weekly closing price is below the 100-week simple moving average, a trend that typically corresponds to a months-long retracement. Historically, after this weekly indicator is breached, the downward cycle lasts between 182 and 532 days. There has been significant spot trading volume in the $85,000 to $95,000 range, which may now become a key resistance zone.
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