Analyst: Bitcoin (BTC) May Be Stuck in Accumulation Phase for Several More Months5.6

As the crypto markets head into the weekend trading session, Bitcoin has been able to maintain its upwards momentum, and has been able to continue its upwards ascent. Although BTC’s recent price action has been overwhelmingly positive as of late, it may still be caught in an accumulation phase.

Assuming that Bitcoin’s current accumulation range reflects that seen following the 2015 bear market, BTC won’t exit the range until mid-July, meaning that traders will have plenty of opportunities to add to their positions.

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