Has Bitcoin's low price discovery phase run its course?

Greetings again my dear friends I hope you are all well, in these first 6 weeks of the current year of 2023, the behavior of the Bitcoin price has given very good indications for most analysts and cryptocurrency experts to express that everything indicates that the phase of low price discovery for the Bitcoin has been exhausted, of course, taking into account the crypto winter developed last year 2022, therefore, if so, then, the Bitcoin market is in the transition phase.

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However, we know that any transition phase can occur in any scenario, although for many experts this phase is indicative of a coming bull market, so far we could say that from a technical analysis point of view, the worst part of the Bitcoin price lows is behind us, and that the upward cycle is the one that is approaching in the coming months, a few months ago there was much uncertainty and it was even thought that the Bitcoin could stagnate at the bottom of the 10 thousand dollars, but that did not happen and now the candles of the Bitcoin ship have reopened or activated in order to move away from the bear market.

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It is important to express that despite the huge uncertainty months ago in relation to the Bitcoin price, many large and expert investors saw the best of opportunities to enter the Bitcoin market, so far those who managed to invest with a price around 16 thousand dollars and their investment has turned green since a few weeks ago, however, they are still betting on a further rebound in the price of Bitcoin and at the moment the analysis of most of the experts in this market support the holder in the long term.

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Of course, the winds naturally tend to change course, and it is at this point that the market's resilience will be tested, although at this point we think that the market has reached a maturity relevant to past events in relation to the aspect of the analysis of fundamental facts for the market and that led to a depth of unpredictable price, which seems to have been left behind, however, this transition period noted above may take a long time before the Bitcoin can manage to break new levels of resistance.

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Therefore, lateralism should occupy an important period of time in the current year, the important thing is that the market can go laterally in staggered rises as this way we would have a more durable price recovery in time, although this market may be testing some supports in order to check each strength reached at the moment, and then go climbing towards a bull market, where we are all waiting, but without despair, acting with the necessary maturity that deserves this type of cryptocurrency market, especially that of Bitcoin.

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Until another opportunity my dear friends.