Six Bitcoin Signals Point To A Possible End of the Bear Market

1h ago•

bullish:

bearish:

A gigantic black bear occupies the left side of the image. Its massive paw was holding an enormous Bitcoin coin to the ground on a cracked financial platform. Bitcoin is now beginning to break free from its claws and stand back up. The bear looks at its paw with an expression blending anger and surprise, as if gradually losing its grip. On the right, a bright orange opening appears between the clouds. A powerful bull is visible only as a distant silhouette, so as not to prematurely signal a crypto bull market.

Is the bear market coming to an end? Many signals observed during previous reversals are beginning to reappear in the market. Denny Galindo, from Morgan Stanley Wealth Management's Global Investment Office, identified six of them, from the cycle calendar to bitcoin mining difficulty. However, not all are green. Some indicators remain far from the levels reached during past lows. Between historical similarities and persistent anomalies, the market might be entering a renewal without having fully left the bear market yet.

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1h ago•

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bullish:

bearish: