Analyst Declares End of Bitcoin Bear Market

Analyst JackYi stated that Bitcoin has officially ended its bear market after breaking through the 120-day and 200-day moving averages on the daily chart and the 20-week moving average on the weekly chart. He believes the recent low of $57,000 marks the bottom of the cycle and that prices in the $50,000 range may not be seen again. He expects a short-term rally followed by a moderate correction, advising investors to view July and August as the final window for acc