Following the creation of the dubious track record (9) consecutive weekly red closes,BTC() is trying to repair the damage by launching a price recovery in an effort to stop this losing streak. A bear market is not something investors need to fear, analysts have said repeatedly. The best time to invest is in strong fundamentally-based projectsPreparation for the next bull phase.

Ki Young Ju, CEO of CryptoQuant, stated that unspent transaction outputs or UTXOs older than six month reflect 62% on the realized cap. This is comparable to what was seen in the March 2020 crash. According to Ki, Bitcoin could be a “future currency”. Nearly forming a cycleic bottom.