Bitcoin Bear Market Ending Soon: Analysts Identify $60K as Key BTC Price Floor

Analysts from Compass Point Research & Trading have released a report suggesting the prolonged cryptocurrency bear market may be approaching its conclusion. Their analysis indicates that Bitcoin (BTC) has established a critical support level at $60,000, which is now viewed as a major price floor. This assessment points to growing stability in the crypto market after a period of significant volatility. The analysts' outlook is based on current market structure and accumulation patterns observed around this key price point. While cautioning that macroeconomic factors remain influential, the report provides a data-driven argument for increased market resilience. This perspective offers a measured but optimistic signal for investors monitoring Bitcoin's trajectory for potential recovery and future growth.