Bitcoin Could Be Entering a New Bull Market Despite Latest Sell-Off

Crypto Insight Summary: Despite the market dip and liquidations over the past week, Bitcoin has seemingly entered a bull market, as the analysis of its 50-week moving average shows.  BloFin Research argues that Bitcoin’s traditional four-year boom-and-bust cycle is gradually losing strength. Future rallies could deliver smaller gains, followed by shorter and less severe downturns. Why Bitcoin’s Bear Crypto Insight Analysis: Direction: Bullish BTC Impact: Major Impact Horizon: Long-term (1 quarter-1 year) Reasoning: BTC's 50-week MA analysis suggests a new bull market, with reduced volatility and cycle changes.