Information about Bitcoin:
- *The fall of Bitcoin!* 🤯
The price of Bitcoin (BTC) has fallen 30% since its all-time high recorded a month and a half ago. 📉
- *Is this the end of the bull cycle?* 🤔
Bitget analyst, Matías Part, considers that the current correction of Bitcoin could be a cyclical response from the market, but there is also the risk that a bearish trend could consolidate. 📊
- *Don't get discouraged!* 😊
Part highlights that, from a technical standpoint, there are still no parameters indicating the end of Bitcoin's bull cycle. 📈
[Image: Chart of Bitcoin's bullish price trend]
- *Is it time to buy Bitcoin?* 🤔
The analyst believes that Bitcoin could be a buying opportunity now for long-term investment, as long as there is conviction in the underlying fundamentals of Bitcoin and in the growing institutional adoption. 📊
- *The demand for Bitcoin decreases* 📉
The demand for Bitcoin has decreased to its lowest level this year, meaning that investors are acquiring less of the digital currency and turning to other assets. 📊
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