Bitcoin price record 90-day uptrend 'resembles bull market rally:' New analysis
Hex37's read
- Bitcoin achieved a 90-day uptrend following a dip below $60,000.
- This rally sets a record for the longest uptrend within a bear market cycle.
- Analysts suggest the current price action mirrors a classic bull market rally.
What it means for traders
- The sustained 90-day momentum suggests a shift in market structure, potentially signaling a trend reversal.
- Traders should monitor for consolidation or breakout levels as the asset tests historical resistance zones.
Affected markets
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