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Bitcoin has fallen nearly 50% from its all-time high, sparking debate among analysts about whether this reflects a temporary market correction or a deeper bearish trend. The prolonged decline, now entering its fifth month, mirrors the 2018 crash that erased most of Bitcoin's value. Market participants are divided, with some attributing the drop to regulatory pressures and macroeconomic headwinds, while others see potential for further losses. The slump has weighed heavily on crypto markets, reducing investor confidence and triggering broader volatility. Analysts warn that without a clear reversal, Bitcoin could face its worst performance since the 2018-2019 bear market.