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. Investors should not be afraid of a bear market, according to analysts. Best time to invest in projects that are fundamentally soundPreparation 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.