Economist Alex Krüger suggests that Bitcoin may have hit a market bottom at around $78,000 and could soon reach $92,000. He believes that if Bitcoin reclaims $92,000 as support, it would confirm a bear trap and indicate a bullish trend. While there have been multiple factors contributing to Bitcoin's recent correction, Krüger believes it is still in a bull market cycle and doesn't see it as the beginning of a prolonged bear market. At the time of writing, Bitcoin is trading at $85,312, showing over a 5% increase in the last 24 hours.



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