Bitcoin Could be in the Later Stages of the Bear Market, On-Chain Data Suggests

Bitcoin’s recent uptrend was met with euphoria and skepticism as prices rallied 40% in the past month – despite ongoing contagion effects spread by the fall of centralized crypto players.

However, some analysts say that while overall market sentiment cannot be called bullish just yet, the recent price and on-chain data suggests that bitcoin could be in the later stages of a bear market. The note cited Glassnode that suggested short-term holders of bitcoin selling now at profit while long-term holders continue to hold massive spot positions – a move that “looks increasingly bullish for bitcoin.”

Around 13-14 month to the new peak but it will be a nice ride starting in a few months time.

I figured it was already bull

BULL💩

The “later stages” can mean we’re still in the downward cycle according to the charts… Depression incoming! Get that fiat ready for some juicy buy and loading up opportunities of your favorite projects!!

The recent uptrend in bitcoin prices is a positive sign, but it's always important to exercise caution and thoroughly understand the risks involved in crypto investments. cryptocurrency investing

🙂

Top gainer of 2023 will be Posi... Dex Posi Positionex Dptp Dex 2.0 positionex POSIChainOrg

Bitcoin future 🔥

Extreme caution of the $SHIB currency, I swear it will drop sharply to $0.000005000❌🚫📛⛔️🔻🔻

shauryamalwa Wow, ASICs is now raising concerns about exaggerated ROI claims made by FTXs. Wish I had known that before investing in them. 🤦‍♀️

shauryamalwa After halving we break the 69k ATH 🚀🚀🚀

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