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Is Bitcoin Really In a Bull Market? Here’s Why Analysts Think BTC Isn’t – newsBTC

Bitcoin has done extremely well over the past few weeks. Since the start of July, the leading cryptocurrency has gained approximately 30% against the

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Bitcoin has done extremely well over the past few weeks. Since the start of July, the leading cryptocurrency has gained approximately 30% against the dollar, outperforming a majority of other macro assets.
In rallying 30%, BTC has decisively flipped $10,500 into a level of support. To some commentators, this was the one level that Bitcoin needed to turn into support to confirm the start of a bull market.
Despite Bitcoin doing so, there are some still hesitant to admit that the asset is in a fu…

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