The crypto analyst has given he’s own input on the bitcoin outlook which is he says that the bitcoin is still in the early bull market in a tweet. We shouldn’t fail to also forget that the king crypto just made it past $30k in market price, and he says that bitcoin has been in its late bear market since the beginning of the year.
Taking a look at the bitcoin market prices in stages has he made used of color scheme for representation which he says that it is better because it aligns with green and red candles in Bitcoin bull and bear markets?
Stage 1: early bull <- we are here (blue)
Stage 2: late bull (green)
Stage 3: early bear (yellow)
Stage 4: late bear (red)
The analyst who took a look at bitcoin technical which is it's relative strength indicator says that it suggests that bitcoin is in a bull market. He went on in the closing the tweet that he is projecting that bitcoin will move above $100k in coming cycles.
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