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Viewpoint: Bitcoin will maintain range fluctuation in the near term, $75,000 is the bull-bear dividing line.

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On December 2, Derek Lim, the research director of crypto assets market maker Caladan, stated that Bitcoin may continue to fluctuate within a range, consolidating between $83,000 and $95,000. However, experts still insist that Bitcoin is currently in a bull run pullback phase, rather than having entered a bear market. Unlike the previous cycle peak, 'we have not seen widespread euphoria or excessive speculation.' Additionally, analyst Tim Sun mentioned that Bitcoin is unlikely to enter a strong one-way uptrend before the end of 2025, with a more realistic situation being 'struggling to form a bottom.' 'As long as people's expectations of the Fed adopting loose policies in 2026 are not completely dashed… this phase is more likely to be bottom consolidation rather than a new long-term bear market. However, if it falls below $75,000, then this prediction will become invalid and could lead to deeper declines.' (Decrypt)

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