Bitcoin Breaks Below $102,000 365-Day Moving Average as CryptoQuant Assesses Bull Cycle

Bitcoin has dropped more than 35% from its early October all-time high, falling below its 365-day moving average of $102,000. CryptoQuant's analysis examines whether the cryptocurrency market has entered a bear phase or remains in a deep correction within the current bull cycle. The asset declined to below $81,000 before recovering to $87,000.