Bitcoin Now One Step Away from Exiting Bear Market: Bitfinex Alpha
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Bitcoin has traded below $70,000 for over two months, hovering between $62,000 and $65,000, while broader macro indicators are moving in its favor. Bitfinex's Alpha report says two of three conditions to support a BTC rally have been met, suggesting a potential catalyst that could supercharge the next bullish market phase and influence crypto adoption and market liquidity.
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For over two months, bitcoin has struggled below $70,000, hovering around $62,000 to $65,000. Still, experts believe that the broader macro market condition is moving in favor of the apex crypto.
Crypto exchange Bitfinex stated in its latest edition of the Bitfinex Alpha report that two of the three conditions that can support a BTC rally have been met. If successful, this can supercharge the next market phase, which is expected to be more favorable for the bulls.
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