Analysts Eye Multi-Month Bitcoin Accumulation Phase as Bears Weaken

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Bitcoin is flashing immense signs of strength today, with its rebound from yesterday’s decline to $14,400 being an impressive display of bulls’ current control of the asset This rebound has significantly bolstered its technical outlook and only further confirms what many have already suspected – dips are for buying in this market environment One analyst is now noting that Bitcoin could soon start an accumulation phase before it can make a bid at setting fresh all-time highs If this path plays out, then the cryptocurrency could be poised to see some sideways trading before it can push higher Bitcoin and the aggregated crypto market are seeing some incredibly strong price action today. This comes close on the heels of an intense pullback that led some investors to anticipate a bear-favoring trend reversal. This has yet to come to fruition, and the intense upswing seen throughout the past few hours confirms…

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