Derived from Coinbullet, Doctor Profit, a well-known crypto analyst, has reiterated that Bitcoin is in a strong bear market, citing 15 bearish indicators. These include bearish divergence from summer, a confirmed death cross, loss of EMA50W, empty repo markets, and low liquidity. The analyst also highlights the repetition of the 2021-2022 bearish pattern, weak liquidity in banks, and the Yen’s downtrend against the USD. Doctor Profit concludes that Bitcoin is in a major bear market cycle, with no immediate signs of a bull recovery.
Doctor Profit Shares 15 Indicators Confirming Bitcoin in Strong Bear Market
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