Although Bitcoin’s intraday performance has been relatively bearish lately, this may be about to change. That is at least if several key Bitcoin metrics are to be believed. Furthermore, this could herald a significant shift in the performance of the cryptocurrency market as a whole.
Is the macro Bitcoin bear cycle over?
Firstly, it is worth prefacing with a brief recap of the cryptocurrency market during late 2019. Specifically, the crypto market has seen a bearish trend since the beginning of November. Nevertheless, speculation is rampant that this may be about to change.
Additionally, some key metrics are now suggesting that this could soon be the case. Even though Bitcoin has had multiple attempts to break $9,500 – which have failed to materialize – Bitcoin could still bounce…