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BTC Market Now 'Extremely Bearish,' Says QCP: Asia Morning Briefing
Market Intelligence Analysis
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Why This Matters
The BTC market is currently viewed as 'extremely bearish' according to QCP, with analysts predicting a potential decline to $91K or $72K if critical support levels are breached. However, Glassnode suggests that this may be a mid-cycle correction rather than a complete capitulation.
Market Impact
Market impact analysis based on bearish sentiment with 85% confidence.
Sentiment
Bearish
AI Confidence
85%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
On-chain metrics shows BTC entering an “extremely bearish” phase, with potential downside to $91K or even $72K if key support fails, though Glassnode sees it as a mid-cycle correction rather than full capitulation.
Original article published by
Unknown
on November 7, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.