RATE Group | Bitcoin is Officially About To Enter a Bull Market
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Bitcoin is Officially About To Enter a Bull Market

27 Jan Bitcoin is Officially About To Enter a Bull Market

Posted at 19:06h in Cryptocurrency News by

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Bitcoin has been locked in a bear market for over two full years now, but according to a long-term trend and momentum signaling indicator, the first-ever cryptocurrency is about to officially enter a bull market for the first time since the crypto bubble popped.

MACD Signals That Bitcoin Is About To Officially Enter Bull Territory

As the saying goes, what goes up, must eventually come down.

And that’s exactly what happened to Bitcoin and the rest of the crypto market following the 2017 crypto bubble collapse.

After Bitcoin’s meteoric rise swept the world, investors flocked to the emerging asset in a FOMO-driven fury. The feverish buying activity drove the price of the cryptocurrency even further upward, causing it to go parabolic and reach an all-time high of $20,000 on December 17, 2017.

But since then, it’s been pretty much all downhill for crypto investors.

Related Reading | How Bitcoin’s Recent Downtrend Could Have Tripled Your BTC Stack 

Bitcoin corrected by over 80%, a…

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