There are lots of news currently about Bitcoin hash rate which could make Bitcoin mining not profitable anymore. However, technically, Bitcoin trading volumes have increased in the last few weeks:
This volume increase has always been a good sign for Bitcoin. Furthermore, the crypto market is still correlated with the stock exchange market, for which the bear market could be over according to some indicators:
There’s a strong possibility that the bear market in stocks is over as investors have given up hope
Therefore, there is a real possibility that the bear market is also over for Bitcoin and altcoins, such as Ethereum (ETH) or Avalanche (AVAX).
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
