The analyst said that Bitcoin (BTC) has become mainstream and the bear phase in the cryptocurrency market is behind.
Bitcoin price, 35 thousand dollars After falling below, it started to rise again yesterday 38 thousand dollars winked at their levels. During this period, similar increases were seen in major altcoins.
Ethereum again $2,000 climbing on top to $2,060 while accessing solana (LEFT) and Avalanche (AVAX) also around 20% experienced increases.
investment research company ByteTree Founder Charlie Morris stated in his market report that Bitcoin has become mainstream and bear market behind He said we quit.
Morris says Bitcoin is relatively stable compared to other bullish investments such as US stocks and gold. a better performance He stated that he exhibited ByteTree founder also stated the following:
Bitcoin’s bullish stance is not only strong against the dollar but also against other assets.
On the other hand, it measures the equally weighted daily average changes of the 100 largest cryptocurrencies by market capitalization. ByteTree Crypto Average (BCA) According to market breadth, for the first time since April 4 points out of 5 took.
Market width indicator of cryptocurrency real time your data is examining and according to trends from 0 to 5 categorizes. The highest score is 5, a strong rise while pointing out the trend 0 points a strong decline is determined as a trend.