The crypto bear market might be over! Indicators suggest it might be time to buy! | Crypto

The crypto bear market might be over! Indicators suggest it might be time to buy!

-The bear market in cryptocurrency may have finally come to an end.
-Bitcoin recently surged by over 8% at the beginning of the month for the first time since a low of $19,111 USD was recorded on Wednesday, July 13.
-The breakout of Bitcoin above its resistance levels is a positive sign that the market is ready to start moving higher again.
-If the stock market rebound continues and leads to an avoidance of a recession, its possible that crypto prices will also begin to recover.
-Data from AI CIO suggests that BTCs price correlation with the S&P 500 and Nasdaq reached 0.59 and 0.82 (respectively) in May 2022, this correlation value came close to an all-time high.
-More specifically, the technical data indicates that recession may not actually arrive, and even if it does, the results are not expected to be as harsh as previously feared.
-The bottom line is that the bear market may have ended, but it is still too early to say for sure. Crypto investors should be cautious and not invest more than they can afford to lose.

cropped CI Fav 3 The crypto bear market might be over! Indicators suggest it might be time to buy!

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