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Bitcoin Magazine: Bitcoin is ready for a continuation of its bull market after the halving

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2024-04-23 22:47:34
According to an analysis published by Bitcoin Magazine, Bitcoin is ready for a continuation of the bull market after the halving. The analysis shows that the market has completely reset from last month's overbought state and is ready to move upwards again. The on-chain indicator is exactly the performance of the expected end of the mid-cycle correction. Price indicators show that the bullish trend is still intact, while the derivatives market has regained balance from multiple aspects. Finally, global macro data remains in line with predictions that the economic slowdown will shift investors to safer assets, both in the United States and globally.
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