Bitcoin Faces Crucial Crossroads at $93,000 as Bear Market Fears Intensify

Recent analysis suggests Bitcoin is entering a confirmed bear market, defying previous corrections and prompting concern from industry experts. 10x Research points to long-term holders shifting their strategy, fading ETF inflows, and weaker retail demand, all contributing to a growing downward trend. 10x Research predicts a pivotal moment at the $93,000 mark, where sustained resistance could indicate a potential stabilization or further decline. The report highlights how this key level reflects past market dynamics: if breached, the price is likely to fall towards $82,200, traditionally representing the point of profitability for most Bitcoin coins.