Bitcoin Could Be Entering a New Bull Market Despite Latest Sell-Off
Despite the market dip and liquidations over the past week, Bitcoin has seemingly entered a bull market, as the analysis of its 50-week moving average shows. BloFin Research argues that Bitcoin’s traditional four-year boom-and-bust cycle is gradually losing strength. Future rallies could deliver smaller gains, followed by shorter and less severe downturns. Why Bitcoin’s Bear The post Bitcoin Could Be Entering a New Bull Market Despite Latest Sell-Off appeared first on BeInCrypto.
Key Takeaways
- Despite the market dip and liquidations over the past week, Bitcoin has seemingly entered a bull market, as the analysis of its 50-week moving average shows.
- BloFin Research argues that Bitcoin’s traditional four-year boom-and-bust cycle is gradually losing strength.
- Future rallies could deliver smaller gains, followed by shorter and less severe downturns.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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