Analysts say Bitcoin remains in a bear phase, with BTC risks below $50K
Bitcoin retreated after a multi-day climb, slipping under $70,000 after briefly tagging $76,000 earlier this week. Some analysts argue the broader structure still looks bearish and see potential downside targets under $50K, including $46,760 and roughly $53,000. Others point to whale accumulation, spot Bitcoin ETF inflows, and exchange balances hitting about 2.723 million on March 19 as signs conditions could support a rebound.
