Analysts: Bitcoin's decline has slowed, but the bear market is not over yet.

CoinFeed reported on March 3rd, citing Cointelegraph, that 10x Research noted in a market update report that Bitcoin's recent price action may indicate that selling pressure is beginning to ease, but there are no signs of a bear market reversal yet. Analysts stated that Bitcoin's failure to accelerate its decline in the face of risk aversion news suggests that downward pressure may be losing momentum. Bitcoin is recovering the 20-day moving average near $68,500, and the Bollinger Bands are tightening, creating conditions for a potential range expansion. The $62,500 level has held on three tests, reinforcing its significance as a key support level. Meanwhile, the RSI and Stochastic indicators are both trending upwards, and a bullish divergence is forming, an early sign that momentum may be stabilizing within a broader bearish structure.