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Bulls and bears engage in a tug-of-war debate! Reviewing the history of Bitcoin's three halvings, is a pullback just the prelude to a bull market?
Looking at the trend one year after the past three Bitcoin halvings, Bitcoin often goes through about a four-month period of fluctuation after the halving before experiencing a significant rise. If this trend continues, we may see Bitcoin start to climb by the end of summer.
Express News | JPMorgan: Cryptos market expected to rebound in August.
Express News | The crypto speculative index shows that the excessive speculation in Q1 has dissipated.
Bitcoin Price Struggles to Break Above the Weekly Resistance Around $58,500 Level
Bitcoin (BTC) price edges up by 0.5% on Thursday, though it struggles to break above the weekly resistance level at around $58,500, amid on-chain data indicating liquidation among small Bitcoin wallets, alongside an increase in the number of whales and sharks.
Crypto Lacks Bulls
It seems that all the market bulls have moved on to US and Japanese equities, avoiding cryptocurrencies.
Express News | 10x Research: Recent bitcoin rebound may be due to airdrop compensation before CPI announcement.