The recent price action in the world of cryptocurrencies is reminiscent of the 2017 crypto bull run that sent Bitcoin price skyrocketing and put the emerging asset class on everyone’s radar. After 2017, though, a long, painful bear market has ensued, resulting in a fall in value by as much as 85% or higher across most cryptocurrencies.
However, one crypto analyst believes that the recent Bitcoin price rally that closed with the first higher high in well over a year, confirms that the bear market bottom is in, and is expecting nothing but higher lows from here on out as the crypto market is resurrected.
Analyst: Bitcoin Bear Market Bottom Has Been Confirmed
Bulls and bears alike having been paying close attention to Bitcoin price charts, trying to determine if the December 2018 low was indeed the bear market bottom, or if Bitcoin will test new lows once again.
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The most recent price rally was the…
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