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Bitcoin may have hit its bear-market low at $57,758, signaling a potential bull market continuation.

Market News
12 Nov 2026, 07:38 WIB
Tokenpost
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Bullish
Bitcoin may have hit its bear-market low at $57,758, signaling a potential bull market continuation.

Bitcoin's price likely reached its bear-market bottom at $57,758 in July, according to 莱比特矿池 founder 江卓尔, who believes the bull market is still intact. On-chain and long-term indicators suggest the bear market has ended. Key resistance levels to watch during the current pullback are $72,500 and the $69,000 to $70,000 range. 江卓尔 also shared his trading strategy, including buying small DeFi tokens after the Binance theft and opening a hedge short position around $73,000, planning to close it if Bitcoin drops to $70,500.

Bitcoin trades at Rp1.335.012.650 on Pluang, showing a slight 0.05% increase in the past day. As of Nov 12, 2026 12:51 WIB, most Pluang users are buying Bitcoin, with 72% of order activity favoring purchases.

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