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3 Secret Reasons Bitcoin May Have Bottomed in November
After months of little to no volatility, the crypto markets have woken up. Is this the start of something good or a typical bear market rally?
Watching Bitcoin do nothing for months is like shipwrecked sailors sitting in their lifeboats hoping to spot land. We want to convince ourselves that something, anything, will happen. The crypto markets are always on. But when there’s no price action, it feels like they are always off.
Bitcoin’s price has increased 11.6% in the past week from $16,800 to $18,800. This has been the first volatility hit for addicts since November and the strongest bullish rip since September 2022.
But now comes the fortunetellers. On one side, we have the optimists sharing their reasons why Bitcoin and crypto have more room to run higher. Then, the bears explain why this is a bear market or relief rally.
Both sides are armed with technical analysis, past patterns, and mountains of data supporting their argument. None of them knows if this rally is sustainable or if it will get its legs chopped from underneath it. But the fortunetellers who get it right will get to refer to their correct call the last time the market “hit bottom” or fell victim to a “bear market…
