Connect with us

Crypto Mining

Bitcoin Price May Re-enter Bear Market, Warns Analyst (As Altcoins Gain Favor)



The Bitcoin (BTC) price may soon resume its downward trajectory despite mounting technical robustness, an analyst has claimed. 

‘Ripe To Resume Lower Prices’

Bloomberg Intelligence analyst Mike McGlone identified diminishing daily returns this month, suggesting an imminent continuation of Bitcoin’s bear market.

Bitcoin (BTC) had buoyed investors in February, with average daily gains approaching 0.6 percent. In March, however, this figure has so far dipped to just over 0.2 percent.

“The entire industry is ripe to resume a path to lower prices,” Bloomberg quotes McGlone as saying in a recent report. Should the trend continue, he ...

Read More

Continue Reading