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[Analysis] "Bitcoin Still in Bull Market...Strategic Buying Opportunity"

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JOON HYOUNG LEE
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  • Matrixport reported that Bitcoin's bull market is still ongoing.
  • The current bull market for Bitcoin began at the end of 2022 and is characterized by robust resilience.
  • They emphasized that the current 10% price correction of Bitcoin could be a strategic buying opportunity.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

The price of Bitcoin (BTC) has fallen below $100,000, but an analysis suggests that the bull market is still ongoing.

Cryptocurrency service provider Matrixport stated on the 27th via X that "the chart clearly shows that Bitcoin is still in a bull market." Matrixport noted, "The current Bitcoin bull market started at the end of 2022" and is characterized by "robust resilience."

Matrixport emphasized that there is a buying opportunity at this time. Matrixport stated, "A 10% correction from the price a month ago could be a strategic buying opportunity for traders looking to leverage the current momentum."

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gilson@bloomingbit.ioCrypto Journalist