Bitcoin Could Enter Market Following Prolonged Consolidation: Twitter Analyst
Famous Twitter crypto analyst Mr. Whale believes that current Bitcoin (BTC) market conditions indicate an imminent bear move. The analyst tweeted yesterday that the benchmark cryptocurrency’s inability to print a new high in more than 80 days is “confirmation that the bull market is over.” He tweeted that:
“Never in any bull market in Bitcoin’s entire history have we corrected for this long, then made new highs in the same year.”
A respondent to the tweet noted that there was a 7-month window in the 2013 Bill run where Bitcoin suffered a heavy drop of 70-80% from its previous high. This drop happened before the cryptocurrency posted a final bull run to the…
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