Cryptocurrency Leader Bitcoin (BTC) Releases the Bull!

The cryptocurrency market lost a great deal of value with the sharp declines it experienced earlier this year. The US, which responded to record inflation levels by raising interest rates, caused a significant decline in investment instruments.

Bitcoin (BTC), the leading cryptocurrency, which fell 75 percent from the ATH (All Time High: The highest price reached by a cryptocurrency) level, is trying to recover after dropping to $ 17,700. While it is predicted that Bitcoin and Ethereum can recover more easily in the cryptocurrency market, it is stated that a big bull season should be opened for the recovery of altcoins that have fallen more than 95 percent. "Rainbow Chart" Chart Says; The "Rainbow Chart", a chart closely followed by cryptocurrency investors, recorded how successful the leading cryptocurrency has been in catching the bottom level for years. Bitcoin, which has reached the bottom of the bear seasons again, is predicted to start a new bull season from the blue zone according to the rainbow chart. Bitcoin, which has just started to recover after falling to $ 17,700 levels, can reach much safer levels if it can exceed the $ 30,000 resistance. According to Rainbow Chart, Bitcoin could rise as high as $500,000 in the next bull season cycle. If the leading currency experiences such a sharp upward adventure, it will allow altcoins to experience high jumps. The investment information, comments and recommendations in this article are not investment advice. Investment advisory services are provided individually, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.