Many people are now negatively sentimental and bearish, believing that cryptocurrencies are nothing more than a speculative bubble, but the price of Bitcoin has been stable above $54,000 for several months! !

This continued stability at relatively high valuation levels is almost unprecedented, which has led some observers to believe that we are in a consolidation period in preparation for the next major rise. Cryptocurrencies are more mature than before, especially the existence of ETFs for Bitcoin and Ethereum further consolidates this.

So all the bearish and bearish theories can be ignored now!

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