According to some analysts, Bitcoin is nearing the final stage of its bear market cycle. July's traditionally positive seasonality could be a catalyst for a broader recovery in cryptocurrency markets. However, macroeconomic factors such as June's Consumer Price Index (CPI) report and ongoing geopolitical tensions may complicate this potential turnaround.
Source
"Bitcoin Edges Closer to Bear Market End" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
Bitcoin has been stuck in a prolonged bear market since 2021, with prices fluctuating between $17,000 and $30,000.
BTC · 7D · $64,979+4.7%