Analysts claim Bitcoin bear market may be over

Bitcoin has recorded its first weekly green candle following five consecutive red candles, BeInCrypto reported. Some analysts have raised the possibility that the bear market ended this month and that a rebound has already begun. Crypto analyst Coinvo Trading explained that in every cycle, Bitcoin has bottomed out exactly 23 months after reaching its all-time high (ATH), noting that this pattern has never failed and that the market is currently at that 23-month point. Veteran U.S. trader Peter Brandt also assessed that this analysis is more persuasive than other market narratives.