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šŸ”„šŸ”„šŸ”„ Bitcoin Bull Run: Analyst Identifies Where We Are In The Bull-Bear Cycle:

ā™¦ļø Breaking News:Ā BREAKING: Ripple Concludes SEC Battle With $125M Penalty, XRP Price Skyrockets

Bitcoin Bull Run: Analyst Identifies Where We Are In The Bull-Bear Cycle

A crypto analyst has shed light on the current stages ofĀ Bitcoinā€™s bull-bear cycle, suggesting that the cryptocurrency may be moving past a bear trap and getting ready forĀ substantial bullish ralliesĀ toward new highs.Ā 

Was Bitcoinā€™s Sudden Crash A Bear Trap Or Shake Out?Ā 

ā™¦ļøBTCā€™s price is closely approaching $62,000 after what some crypto analysts areĀ callingĀ one of the most dramatic bear traps. In an X (formerly Twitter)Ā postĀ on August 8, a crypto analyst identified as ā€˜Senseiā€™ posed the question of whetherĀ Bitcoinā€™s recent price crashĀ may have been a ā€œshake out or bear trap.ā€

A shake-out here is a general term used to describe a temporary price decline in a cryptocurrency aimed at forcing out weaker investors and pushing them to sell their holdings.

ā™¦ļø

Bitcoinist.com

Breaking News: BREAKING: Ripple Concludes SEC Battle With $125M Penalty, XRP Price Skyrockets

Bitcoin

Bitcoin Bull Run: Analyst Identifies Where We Are In The Bull-Bear Cycle.

A crypto analyst has shed light on the current stages of Bitcoinā€™s bull-bear cycle, suggesting that the cryptocurrency may be moving past a bear trap and getting ready for substantial bullish rallies toward new highs.

Was Bitcoinā€™s Sudden Crash A Bear Trap Or Shake Out?

BTCā€™s price is closely approaching $62,000 after what some crypto analysts are calling one of the most dramatic bear traps. In an X (formerly Twitter) post on August 8, a crypto analyst identified as ā€˜Senseiā€™ posed the question of whether Bitcoinā€™s recent price crash may have been a ā€œshake out or bear trap.ā€

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