400 Days After $69k, BTC Bear Market Is Ending, Says Chart Analyst By CoinEdition
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© Reuters 400 Days After $69k, BTC Bear Market Is Ending, Says Chart Analyst- A chart analyst argued that the bear market is concluding.
- Bitcoin halving will happen in 2024, approximately 1.5 years away.
- BTC currently trades at $16,845, barely gaining a 1% increase in the last seven days.
A well-known crypto expert has set a date for the conclusion of the Bitcoin (BTC) bear market. Rekt Capital posted on Twitter yesterday that Bitcoin historically finds its absolute bottom price approximately 365 days after the peak of the previous bull market.
Given that today is roughly 400 days since BTC hit $69,000, the bulls could be ready any time soon, according to the analyst.
It’s been ~400 days since the #BTC Bull Market peak at $69000Which means that this Bear Market is getting closer and closer to endingHistorically, $BTC Bear Markets find their absolute bottom price approximately 365 days after the previous Bull Market peak
The post 400 Days After $69k, BTC Bear Market Is Ending, Says Chart Analyst appeared first on Coin Edition.
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© Reuters 400 Days After $69k, BTC Bear Market Is Ending, Says Chart Analyst- A chart analyst argued that the bear market is concluding.
- Bitcoin halving will happen in 2024, approximately 1.5 years away.
- BTC currently trades at $16,845, barely gaining a 1% increase in the last seven days.
A well-known crypto expert has set a date for the conclusion of the Bitcoin (BTC) bear market. Rekt Capital posted on Twitter yesterday that Bitcoin historically finds its absolute bottom price approximately 365 days after the peak of the previous bull market.
Given that today is roughly 400 days since BTC hit $69,000, the bulls could be ready any time soon, according to the analyst.
It’s been ~400 days since the #BTC Bull Market peak at $69000Which means that this Bear Market is getting closer and closer to endingHistorically, $BTC Bear Markets find their absolute bottom price approximately 365 days after the previous Bull Market peak
The post 400 Days After $69k, BTC Bear Market Is Ending, Says Chart Analyst appeared first on Coin Edition.
See original on CoinEdition
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