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The primary cryptocurrency, BTC, has been on a downtrend in the last month, continuing to underperform in the past several days. It plunged toward $64,500 on June 18 before slightly rebounding to its current level of approximately $65,800. Despite the negative trends, some analysts speculate that the asset is headed for a new bull run in the following months. Crypto Rover recently claimed that BTC has 'bottomed' and is now poised to spike to $72,000-$74,000. Ali Martinez and Titan of Crypto were also bullish, suggesting that the asset might yet reach its cycle top, assuming it mimics its performance in previous bull runs. They believe the price could peak around December 2024 or by October 2025.
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