​​BTC: $36,752.90 (-5.51%) MRB Partners: Bitcoin’s Bull Mar | Best Crypto Traders Official

​​BTC: $36,752.90 (-5.51%)

MRB Partners: Bitcoin’s Bull Market ‘May Have Come to an End

Some analysts expect limited upside in bitcoin despite the possibility of a brief bounce.

In a May 25 report titled, “Has The Crypto Fever Broken?“, the analysts cite growing concerns with cryptocurrencies’ environmental impact, possible regulatory risks, negative technical trends and a future reduction in monetary stimulus as among the many reasons bitcoin could have a tough time ahead.

“Easy money has helped fuel the crypto bubble, and a slow unwinding of this trend globally will ultimately become a headwind for the speculative digital asset,” wrote MRB.

Bitcoin has nearly doubled in price over the past year and is up about 30% year to date. The world’s largest cryptocurrency by market value suffered a volatile period in May, which appears to be stabilizing over the short term. However, some analysts expect limited upside in bitcoin despite the possibility of a brief bounce.

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