Analyst Says Bitcoin Closing 6 Red Monthly Candles Isn’t Bearish, What To Expect
Market / Price
Bitcoin’s recent price structure has not been easy to sit through. The price action has spent months moving sideways to lower, printing a series of bearish monthly closes since October that have placed the crypto sentiment in fear. That kind of slow pressure tends to feel worse than sharp sell-offs. According to a crypto analyst, instead of treating the recent stretch as a warning sign of more declines to come, history shows that the Bitcoin price is much closer to a turning point than most participants realize
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