Is the Bitcoin bull-market over?
Our Observations (Not financial advice)
For the below reasons we believe that the bull-market is not over yet:
- Technical analysis: TA indicating slowing and potential bottoming of downward trend. Move above MA 200 levels would confirm that direction. Bottom forming to be watched carefully, since price is still below two crucial supports. (neutral)
- On-chain analysis:
a) Institutional investors accumulate Bitcoin besides recent price drop (bullish)
b) RHODL ratio indicates that…