Log Scale Monthly Bitcoin Price Chart Suggests Bear Market Was an Uptrend Pullback7.6

Bitcoin price has recently found the bottom of its bear cycle, and has since shown a strong reversal back into a bull market that has taken many by surprise as to how much the price of the first ever cryptocurrency has risen in such a short time following what will go down in history books as the longest bear market on record.

One reason for such a fast and powerful rebound into bullish price action, according to the log scale monthly Bitcoin price chart, is because the entire bear market was nothing more than a “pullback in an uptrend” and much needed consolidation before the digital asset could resume its parabolic climb.

Original source
https://www.newsbtc.com/2019/05/23/log-scale-monthly-bitcoin-price-chart-suggests-bear-market-was-an-uptrend-pullback/

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