Bitcoin Bear Market Over? Top Analysts Turn Bullish, but History Says Otherwise
Ever since bitcoin started plunging real hard at the start of the new year and dumped to and eventually below $60,000, analysts have been focused on trying to determine where the bottom is. As usual, they are split into two camps: two who believe another crash is coming, and the optimists indicating that the worst is behind us.
Crypto X, though, was a little surprised on Friday when three analysts showed an interesting and unexpected convergence, with Ali Martinez, Michaรซl van de Poppe, and Merlijn The Trader posting opinions that essentially determined BTC is about to break out.
Analysts Turn Bullish
Martinez emerged as arguably the most bullish, highlighting several factors that have aligned for his major breakout call. He noted that improving on-chain data and technical indicators suggest that BTC has likely established a local bottom. He added that selling pressure has faded, while long-term accumulation continues. The combination creates favorable conditions that have historically preceded meaningful upside moves.
โฆ Continue reading the full article at the original source below.
