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The cryptocurrency market has been facing a full-blown crypto winter this year. The market is firmly in a bear market

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Since November 2021, when the price of Bitcoin achieved a historic level of over $69,000, it has only gone downhill.

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The disasters of Terra/Luna, Three Arrows Capital, then Voyager's Chapter 11 bankruptcy, Vauld's acquisition by Nexo,

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and Celsius's suspension of withdrawals have only served to frighten investors and drive the price of bitcoin even lower.

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An extraordinary occurrence in the history of the token occurred when the price dropped for eight consecutive weeks.

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he cryptocurrency briefly dropped below $17,000, below its previous record high of almost $19,000, which also, never happened.

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For a brief period, the Bitcoin fell below $17,000, below its previous historic level of roughly $19,000, 

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which also never materialised.But during the past two days, it has made considerable progress, increasing to $22,000, up about 10%.

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It needs to be seen if this denotes a trend reversal or if it is only a "dead cat bounce"

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