Bitcoin Crosses $30K Again, But Full Bull Run Still Awaited: 2 Key Reasons Why
Portfolio Pulse from Mehab Qureshi
Bitcoin has crossed the $30,000 mark again, sparking hopes of a full bull trend. However, data analytics firm Glassnode suggests the market is still in a transition phase, with historical data showing previous transitional periods lasting between 459 and 770 days. The Greed and Fear Index indicates market sentiments leaning towards Greed.
June 26, 2023 | 9:04 am
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Bitcoin crosses $30,000 again, but the market is still in a transition phase, according to Glassnode. Historical data shows previous transitional periods lasted between 459 and 770 days.
Bitcoin's price crossed the $30,000 mark, but the market is still in a transition phase, according to Glassnode. This means that the full bull run is not yet confirmed, and investors should exercise caution. Historical data shows that previous transitional periods lasted between 459 and 770 days, suggesting that the current phase may still have some time to go before a full bull run is confirmed.
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