This Well-Known Bitcoin Market Analyst Says the Bear Market Has Already Begun. Here’s What You Need to Know.

It's up to you to tell me your analysis of the current situation based on the elements I'm proposing.

Despite its intrinsic qualities, Bitcoin has always been considered a risk-on asset. This is a monumental mistake, but as it is made by the majority of Bitcoin market participants, it must be taken into account in any analysis of the Bitcoin price.

Some imagined that the arrival of Donald Trump in the White House would change things. Indeed, the introduction of more lenient regulations and a reserved Bitcoin strategy should have changed the game. But for the moment, nothing has!

The Bitcoin market is a lot like the S&P 500 or Nasdaq. The situation is further complicated by the fact that BlackRock also believes that Bitcoin is not a risky asset. Despite BlackRock's advertising, demand for Bitcoin Spot ETFs remains at half-mast. It's been going on for several months now, and nothing seems to be helping. So much so, that many are wondering whether the Bitcoin market has entered a Bear Market.

I've given you 6 indicators to study closely this week to form your own opinion:

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Feel free to share your thoughts in the comments.

An important figure in Bitcoin market analysis has just taken a stand, and you're about to discover that he's leaning toward a Bear Market that's already begun. I'll tell you all about it below.

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The Central Bank of the Russian Federation Says Yes to Bitcoin, but Only for the Rich 🤡

This is not a joke, but a true statement by Elvira Nabioullina.

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