Banmu Xia: $80,500 is an important low point in this bear market, but it does not mean the bear market is over.
BlockBeats News, on November 23, well-known Chinese crypto analyst Banmuxia posted on social media that the moment for bitcoin to be "locked and loaded" has arrived, and $80,500 can basically be confirmed as an important low point of this bear market, and may even be the lowest point. However, this does not mean the bear market is over. This round of the bear market has lasted for more than three months and may continue for another 3-4 months, but it is a sideways bear market. (ps: This is just an analysis. For specific trading, you need to have a clear plan for entry and exit. However, spot can be steadily bought and held until the end of the next bull market.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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