Bitcoin Turns Higher After 14-Month Bear Market, Mirroring Past Gold Cycles
Bitcoin is showing gains after moving beyond the average duration of past bear markets in both Bitcoin and gold, according to an analysis.Bitcoin Magazine reported on September 22 that bear markets in Bitcoin and gold have typically lasted about 14 months.Bitcoin has now moved past that period, with its price rising.That suggests Bitcoin’s recent trajectory resembles patterns seen at the end of past bear markets in both Bitcoin and gold.