CryptoQuant: Bitcoin May Have Turned Bearish in Early November, Bottom at $56k–$60k

On Thursday, CryptoQuant’s head of research Julio Moreno said Bitcoin may have entered a bear market in early November after multiple technical and on-chain signals flipped negative. He highlighted a drop below the one-year moving average as the key trigger and projected a potential bottom between $56,000 and $60,000. As of Friday, BTC traded near $88,500.