Market Analysis Demonstrates Bitcoin Price Is Nowhere Near Top Of Run

Market Analysis Demonstrates Bitcoin Price Is Nowhere Near Top Of Run

A deeper dive into bitcoin’s fundamentals and recent market trends shows that the price bull run is nowhere near its top.Bitcoin has been consolidating around the $1 trillion market capitalization threshold for almost three months, which is a very healthy development during a bitcoin bull market. So, what’s happening behind the scenes, and how should investors be thinking about the recent price action of bitcoin? Let’s dig in. BTC price action over the last three months  Long-Term Trend Still Clear: Bull Market Far From OverWhile it is true that at the time of writing BTC is trading....


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Bitcoin Price Retesting $240

xbt.social analysis has been biased to a decline below $240 for the past week. Yesterday, Bitcoin price dipped below this important support level twice before retreating again this morning. Following a pullback, it is anticipated that the market will return price to this level - a break below it implying decline to at least $235. Readers are alerted to a new analysis update schedule: starting today, daily Bitcoin price analysis will be published at the start of the day (UTC). Articles will be updated with major market events, during the course of the day, where appropriate. This analysis....