Bitcoin Bear Market Over? Top Analysts Turn Bullish, but History Says Otherwise
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Bitcoin plunged at the start of the year, dumping to and below $60,000 and splitting analysts between bearish and optimistic views on the market bottom. On Friday three analysts, Ali Martinez, Michaël van de Poppe and Merlijn The Trader, converged in saying BTC is poised to break out, a signal that increases bullish sentiment for crypto and could lift exchange and DeFi activity and broader adoption.
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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, Michaël van de Poppe, and Merlijn The Trader posting opinions that essentially determined BTC is about to break out.
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