The post Bitcoin Bull Cycle Kicks Off After Accumulation Phase, Says Analyst appeared on BitcoinEthereumNews.com.

According to the founder of MN Trading Michaël van de Poppe, Bitcoin has concluded its year-long accumulation period and entered the first phase of a fresh bull cycle. In a recent tweet,  michael van de poppe michael van de poppe Founder and CEO at eight global Eight Global is led by Michael van de Poppe, the company’s founder, and CEO. He is a cryptocurrency trader who works at the Amsterdam Stock Exchange and is enthusiastic about the role of blockchain in the current financial system.  Also, he is an author at Cointelegraph who covers everything about fintech, blockchain, and bitcoin, providing the latest news, prices, and analysis on the future of money.    In the past, he served as a technical analyst at TradingView, where he was responsible for making technical analyses via the platform of TradingView and distributing these through virtual social media, including Twitter and YouTube. He was the writer of CryptoBenelux, writing articles based on technical analysis and market insights, particularly about Bitcoin.  EntrepreneurChief Executive OfficerTraderMarket Analyst tweeted that the crypto bear market ended in November 2022. The ensuing “accumulation year” saw Bitcoin bottom out and build a base, setting the stage for upward momentum. Now, with BTC breaking $30,000, the first year of a new bull run is beginning. #Bitcoin has ended the accumulation phase and enters the first part of the bull cycle This is the first year of the bull cycle, as it’s quite clear that we’ve finished the bear market. Altcoins are heating up and Bitcoin has broken through the $30,000 barrier. What’s next?… pic.twitter.com/uPgJG9Mg3o — Michaël van de Poppe (@CryptoMichNL) November 8, 2023 Van de Poppe says these market cycles last for four years These market cycles typically last about four years in crypto, van de Poppe noted. The bear phase (red)…

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Filed under: News - @ November 10, 2023 12:10 am