BlockBeats news, on November 5th, Chinese encryption analyst Banmuxia stated, "Regarding Bitcoin, many people still underestimate the complexity of the upcoming market situation. I believe that this small Bear Market will most likely end around 84,000 USD, but that doesn't mean it will continuously decline smoothly to 84,000 USD; this time it will likely be a complex horizontal adjustment. Currently, it seems that there may be a slight decline to around 94,500 USD, and then it will probably enter an exceptionally complex oscillation market, with a rebound potentially reaching above 116,000 USD, before slowly falling back to the 84,000 USD and below 6-8% range."