Qiao Wang, a prominent industry analyst, says that Bitcoin’s strength in the face of this is the sign of a bull market. He commented the following on the matter on October 30th: “#BTC has been shrugging off 3 simultaneous narratives from the traditional market – election, covid, and stimulus – as well a bunch of crypto exchange FUD. Nov 05, · Appearing on CNBC’s Squawk Box, he said that BTC is in a bull market, and the Fed’s actions will only propel further price increases. “We are in a bull market with Bitcoin. The Fed will continue to print. The crypto world has an expression, you know . Nov 29, · BTC is still up 33% for the last 30 days, 54% for the last 90 days, and % against USD for the last 12 months. Bitcoin’s dominance index, in comparison with the 7,+ crypto assets’ market caps, is currently just above the 63% handle.
Btc bull marketBitcoin Indicator Suggests Bull Market Is Still in Early Phase - CoinDesk
Share Tweet Send Share. Prev Next. For updates and exclusive offers enter your email below. Cole Petersen 31 mins ago. Tony Spilotro 3 hours ago. Yashu Gola 10 hours ago. I accept I decline. And given that Bitcoin has positive returns over the mostrecent time frames, a deeper dive into it was warranted.
Bitcoin is expected to play an increasingly important role in the portfolios of global investors, both on a retail and institutional level. Many in the Wall Street space have made this assertion over recent weeks, stating that they actually think BTC ousts gold in many aspects. Though, how much BTC will outperform gold by remains to be seen.
Could you be next big winner? I consent to my submitted data being collected and stored. The bearish warnings start flashing after Bitcoin pursued a relentless upside rally wherein its price jumped by almost percent from its September nadir.