Crypto Veterans Predict Bitcoin Bear Market Will Pass, New Highs Expected

Key Highlights on Bitcoin Bear Market:

Pro-XRP lawyer John Deaton shared his experience with bear markets, asserting they will eventually pass.
The Kobeissi Letter highlighted Bitcoin's history of major declines since 2017, including:
- 10+ declines of -25% or more
- 6 declines of -50% or more
- 3 declines of -75% or more
Despite these declines, Bitcoin historically reaches new record highs afterward.
Kobeissi suggests the current bear market is nearing its end.
John Deaton reflected on missed opportunities due to difficulty in timing the market.

Bitcoin Price Update:

Bitcoin's price dropped by 4.6% in the last 24 hours, currently trading at $91,149.70.
The cryptocurrency has decreased by 13.38% over the past week and 14.44% over the past month.
24-hour trading volume increased by 47.98%, reaching $117.24 billion.
MicroStrategy recently acquired 8,178 BTC for approximately $835.6 million, at an average price of about $102,171 per Bitcoin.