Bitcoin Slides Below Key Support Levels, Bear Pattern Points to $45K Bottom

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Bitcoin is currently trading below several important technical and on-chain valuation benchmarks, raising concerns among analysts. Historical bear market patterns are being cited as a reference point for where the cryptocurrency may find its next meaningful floor. Based on these patterns, some analysts suggest a potential bottom could form near the $45,000 price level. The drop has left Bitcoin in uncertain territory, with no strong nearby support levels to arrest further declines.

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