Has the New Bitcoin Bull Market Officially Begun?

Bitcoin’s status as an uncorrelated asset makes it extremely difficult to gauge the timing of the market cycle. Its volatility makes it easy for traders to get pump-faked and get liquidated when the market takes an unexpected reversal, so, are we finally in a bull market?

Are We in a Bitcoin Bull Market?

Benjamin Cowen, a trader who goes by intothecryptoverse on Twitter, has released a video where he addresses Bitcoin’s recent bullish price action and provides analysis as to whether we have finally entered a new bull market. Recognizing the start of a bull market is not always easy, especially with Bitcoin.

Cowen begins by saying that hindsight is 20/20, so its important to look at prior bull markets to recognize similarities and market patterns. For his analysis, he relies on the 20-week, 100-week, and 200-week Moving Averages to give us clues, about Bitcoin price movements.

Cowen noted the similarities between the 2015 commencement of the bull market and now, as crossing…