It’s the end of an era for Bitcoin, with the benchmark cryptocurrency putting its recent multi-year <a class="wpg-linkify wpg-tooltip" title="
BearBear market is defined as a decreasing set of prices for various types of assets. A bearish investor wants to profit from the movement of dropping prices. You can think of a bear, swinging his big paw downward on the investment, crushing prices.
” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear market in the past as it moves to set fresh all-time highs.
BTC is now pushing past $17,000, with its buyers shattering the selling pressure that existed at this level and now moving to spark an even further extension of its recent momentum.
The crypto has now been caught within an uptrend for 73 days, only seeing a few fleeting pullbacks while mostly rallying, consolidating, and then rallying some more.
As such, this has been one of the most stable and longest-lasting parabolic uptrends ever seen by the benchmark digital asset.