Bitcoin could be entering the pre bull market phase of the cycle...
Bitcoin goes through very distinct phases within a broader 4 year cycle.
We all know what the bull market phase feels like, and we certainly know what the bear market phase feels like.
Well, looking at the charts, the data, and the previous trends, it looks like we may be entering the other phase of the cycle...
The pre bull market phase:
(source: https://twitter.com/100trillionUSD/status/1555836145489035265/photo/1)
This phase consists of prices no longer making lower lows, but not going up a ton either.
It's mostly sideways price action with a slight bias to the upside with occasional dips that don't take out the bear market lows.
This phase comes prior to the eventual bull market phase.
Upvoted! Thank you for supporting witness @jswit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Right away, as soon as we see the market recoverying, we need to start looking at how best keep our bitcoin safely on a decentralized wallet like that of https://atomicwallet.io/, for the long term.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit