"We think the bear market ended in June and that bitcoin is in the accumulation phase that has preceded every prior adva
· price · Sentiment: neutral
Bitcoin’s bear market concluded in June 2024, with the asset now firmly in the accumulation phase that has historically preceded every major bull market, according to Galaxy Digital. Multiple analysts and reports converge on this view, noting that price action, on-chain metrics, and institutional positioning all align with the early stages of a new cycle. The key implication is that Bitcoin is transitioning from capitulation and distribution into a period of base-building, setting the foundation for the next sustained upward advance.
Sources
- https://bitcoinmagazine.com/markets/bitcoins-bear-market-is-over-galaxy-says
- https://news.google.com/rss/articles/CBMitwFBVV95cUxQcnpHcVdWOGZhc0hRMnZkMWpBWjJMZTR2bHJuYmk0TVhiVDBQRWdNelJwUWQ4bzRRbkpxVmZzYUtUdkJUWWl3VmdqcjFHRlJyZXk1TlF4Vk1oU0hjQ3E0em5OWmZUaC1xWTVaYzFJV2RVcllWTGVPcjJnYzNpbWlzbTZZY0owZ0RVR2VlaVZaZ2xFU1htMkthZjZwcENPcUZxZ0x4MVFuZGJwcGFqSHcta3JsNF9pSWs?oc=5