Bitcoin has experienced a significant 47% decline from its recent peak but shows signs of stabilization between $65,000 and $70,000, according to Kraken economist Thomas Perfumo. Indicators such as reduced movement of long-held Bitcoin and declining volatility suggest the market may have bottomed out, with many experts predicting a recovery influenced by Fed liquidity and crypto-friendly legislation. However, some notable voices remain bearish, warning of a possible further significant crash influenced by anticipated Federal Reserve policies.

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