Hey everyone, in this video we’re going to take a look at what could be another bottoming signal for Bitcoin.
As most of you know, Bitcoin has been in a bear market for the last several months, but recently we’ve seen some signs that the market may be shifting.
First, we’ve seen some bullish news come out, such as the news that Goldman Sachs is entering the crypto space, as well as the news that Bakkt is set to launch their Bitcoin futures products in the near future.
Second, we’ve seen some technical indicators start to show bullish signs. For example, the daily chart has formed a higher low, which is a sign of a potential trend reversal.
And finally, we’ve seen some major institutional investors start to enter the market. This includes large hedge funds such as Pantera Capital, as well as venture capital firms such as Andreessen Horowitz.
All of these signs point to the possibility that Bitcoin could be bottoming out, and that a new bull market could be around the corner.
That’s all for this video. Thanks for watching and be sure to subscribe for more crypto tips.
