RATE Group | Have no Fear, Bitcoin Price to Resume Uptrend After Pullback
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Have no Fear, Bitcoin Price to Resume Uptrend After Pullback

29 Sep Have no Fear, Bitcoin Price to Resume Uptrend After Pullback

Posted at 00:34h in Bitcoin News by

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“Bitcoin is an echo bubble”, cryptocurrency cynics have cried since BTC hit $14,000 and collapsed in quick succession. These Bitcoin skeptics believe that this most recent uptrend and collapse in the cryptocurrency market is Bitcoin’s one last attempt at making it big, to allow early adopters and those in the know to cash out.

Related Reading: Log Scale Monthly Bitcoin Price Chart Suggests Bear Market Was an Uptrend Pullback

However, many analysts are convinced that as long as the fundamentals and long-term market structure stay intact, Bitcoin’s pullback is just a given until the true rally after the 2020 halving.

Have No Fear, the Pullback Will End

Bitcoin hasn’t had the best time since topping at $14,000 in late June. Since then, its price has bled out by some 42% over a three-month period, leading many to believe that it is only a matter of time before we see an unfortunate redux of 2018’s Crypto Winter.

But, Josh Rager, a prominent analyst, recently came out to reassure…

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