Bitcoin Enters Bear Market: Analyst Predicts Dead Cat Bounce and Altcoin Rally

Bitcoin has entered a bear market, according to analysts. They anticipate a ‘dead cat bounce’ followed by an increase in altcoin prices. This prediction suggests that Bitcoin may see a short price spike before a larger decline, potentially paving the way for a bullish season for other cryptocurrencies. While Bitcoin (BTC) is currently trading around $91,000, analysts remain skeptical about its long-term performance. However, one analyst suggests a ‘dead cat bounce’ – a brief but significant price surge followed by a decline. This pattern could trigger an altcoin rally, boosting the prices of other cryptocurrencies.