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Crypto bear market is nearing end, with $60K as key bitcoin floor, Compass Point analysts say
Market Intelligence Analysis
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Why This Matters
Compass Point analysts believe the crypto bear market is nearing its end, with $60,000 as a key support level for Bitcoin, and further downside is unlikely without a U.S. equity bear market.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Further downside would likely require a U.S. equity bear market, analysts say, as bitcoin tests weak support.
Original article published by
CoinDesk
on February 3, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.