Strategies for Bitcoin to avoid a prolonged bear market: Trader confidence falls short

Despite a high 365-day Simple Moving Average, Bitcoin’s supply in profit is decreasing, echoing patterns from past bearish phases. Analysts urge Bitcoin holders to keep prices above 75,000 USD.

If Bitcoin dips below 75,000 USD, a bear market could emerge, with resistance levels potentially forming between 101,000 USD and 103,000 USD.