An Expert Reveals the Current Stage of the Bitcoin Bull-Bear Cycle


Bitcoin may be emerging from a bear trap and preparing for massive bullish rallies to new highs, according to a crypto expert who has shed light on the present phases of the bull-bear cycle.


Is the Recent Decline in Bitcoin Just a Shake Out or a Bear Trap?



Michael van de Poppe, a crypto expert, shed further insight on the bull-bear cycle phase of Bitcoin by revealing that the bitcoin price's huge decline might eventually lead to the bear trap cycle. According to Poppe, a stunning $1.2 billion worth of assets impacted by leveraged trading may be wiped away if this price drop causes widespread surrender.


However, over the last few months, Sensei has been very positive on Bitcoin's future prospects. According to his prediction, Bitcoin's bullish momentum may begin as soon as next week, and he expects a robust bull run throughout the year.


Additionally, the analyst has supplied a graphic showing Bitcoin fractal points, which might lead to a huge bull run this cycle. Findings from the chart study indicate that Bitcoin is now in the early stages of its bull run, which highlights the need of more stable prices and improved fundamentals in order to gain traction.


Bitcoin Analyst Sets Bullish Target at $72,000
Sensei also projected that Bitcoin's value may climb to $72,000 in an August 10 X post. The expert shared a Bitcoin price chart with two rising trend lines and said that the present market sentiment and price action imply that Bitcoin's value would most likely reach new record highs.


As of this writing, according to CoinMarketCap, one bitcoin is trading for $60,741, representing a decrease of 1.32% over the last seven days. The pioneer cryptocurrency has managed to regain the $60,000 threshold, suggesting a possibility of a price rebound, even if its 24-hour trading volume and value have declined.



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