#BTC The crypto market is declining, where do we go from here?

The crypto market in July did not rebound as expected, but instead suffered a heavy blow. Multiple negative factors compounded, causing the price of Bitcoin to continue to decline, and the entire market to fall sharply. Although the current market is sluggish, some positive factors are still brewing, which may lay the groundwork for a turning point in the market in the fourth quarter of 2024.
The main challenges facing the current market
The repayment event triggered panic, and the price of Bitcoin plummeted.
A large-scale repayment event has attracted significant attention from the market. The potential selling pressure of massive encryption assets had triggered market panic on June 24, causing the price of Bitcoin to drop to around $60,000. With the official start of the repayment on July 5, Bitcoin fell below the support level of $60,000 under heavy pressure.
During this process, Bitcoin miners have shown signs of surrender. Historical experience suggests that this often means the price may have bottomed out. The last comparable