Recent Bitcoin Developments Hint the Bear Market Could Soon Be Over
Between the price of Bitcoin making higher lows and the countless fundamental improvements to Bitcoin, some believe the bear market could be over. The $6,000 price floor has held up, but it’s yet to be determined if Bitcoin is heading to the moon again.
It’s been almost ten months since Bitcoin (BTC) reached its all-time high price near $20,000, and after months of constant downward movements, many traders are saying that the bear market could be over. Between the price making higher lows and the countless fundamental improvements to Bitcoin, the reasons to be bullish are growing every single day. Below you can see the one month chart of Bitcoin against the US dollar.