eToro Analyst Proclaims Crypto Winter Over But Isn’t Bullish On Bitcoin (BTC) Yet

For the past 15 months, a winter has ravaged the crypto and Bitcoin industry at large. Tokens lost a vast majority of their all-time high value as industry startups, like Coinbase, Ledger, ShapeShift, Bitmain, and so on and so forth, enlisted layoffs or had to shutter their operations entirely. But one analyst claims that BTC is out of a bearish state.

In a recent CoinTelegraph Youtube segment, Mati Greenspan, eToro’s in-house crypto analyst and industry commentator, noted that BTC has surpassed a long-term bear trendline, meaning that the bear market is “over completely.” Indeed, as a number of analysts, like Alex Kruger, noted that when Bitcoin moved above the $4,200 level, bears’ reign ended.

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