Bitcoin has likely reached a bottom similar to the market conditions of September 2022, according to analyst Vetle Lunde. Despite signs of a bottom, Bitcoin is expected to trade sideways between $60,000 and $75,000 for an extended period. Investors are currently closing long positions, and although Bitcoin ETP outflows exist, they appear more due to portfolio rebalancing than mass selling.
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[IMPORTANT] Analyst Predicts Bitcoin Has Bottomed but Faces Extended Sideways Trading Range
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