Bitcoin BTC appears to be entangled in a mini bear market, according to a recent analysis by 10x Research. Technical signals show weakness, and a lack of new catalysts has heavily impacted price movements. Most notably, Bitcoin trades below the crucial trend model level of $88,000, a marker analysts use to differentiate between bull and bear cycles. Investors should proceed with caution as price action may continue to fluctuate. This situation requires careful consideration and strategic planning, especially for those engaged in Bitcoin trading. Keeping abreast of market changes will be fundamental for risk management and decision-making as Bitcoin’s landscape evolves.