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.