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Crypto Analyst Reveals Key Insights into Bitcoin’s Bull-Bear Transition Phase

  • Bitcoin is currently in a transitional phase as it shows signs of recovery from the previous bear market, according to a CryptoQuant analyst.
  • The bull-bear market cycle indicator from CryptoQuant highlights the recurring cycles of Bitcoin, alternating between overbought and oversold phases.
  • Although short-term selling pressure still exists, fundamental indicators such as low selling pressure from miners and long-term holders present positive signs.
  • Technical indicators suggest a potential short-term peak and volatility may continue as the market finds its footing.

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