[CryptoQuant Head of Research: Bitcoin May Have Been in a Bear Market for Two Months] According to a report by Cointelegraph, CryptoQuant Head of Research Julio Moreno stated on the Milk Road program that based on indicators such as the one-year moving average, Bitcoin may have already been in a bear market for two months. Moreno predicted that, based on Bitcoin's realized price and historical performance, the bear market bottom over the next year could be between $56,000 and $60,000.