appeared initially on Coinpedia - Fintech Cryptocurrency News Media | Crypto Guide.

As the leading cryptocurrency, Bitcoin Price, is now trading at $23,000 after having dropped below the critical levels, it would appear that the bullish momentum that had been driving the cryptocurrency market may have been lost. This price momentum has caused other cryptocurrencies to see a pullback as well.

On the other hand, a report titled "The Bitcoin Monthly" for the month of July forecasts a different outcome. According to the research, the current conditions herald the end of the bear market. I'll explain why.

Bitcoin finished the month of July on an optimistic note after achieving a growth of 16.6%, going from a price of $19,965 to $23,325. However, the possibility of Bitcoin's price dropping below 13,890 dollars has been dismissed as speculative. As a result, the hypothesis of a bear market may have reached its conclusion.

ARK Reports Suggest

As the leading cryptocurrency, Bitcoin Price, is now trading at $23,000 after having dropped below the critical levels, it would appear that the bullish momentum that had been driving the cryptocurrency market may have been lost. This price momentum has caused other cryptocurrencies to see a pullback as well.

On the other hand, a report titled "The Bitcoin Monthly" for the month of July forecasts a different outcome. According to the research, the current conditions herald the end of the bear market. I'll explain why.

That the Bear Market Will Eventually Come to an End. The following is a list of the factors that influence the price of bitcoin. appeared initially on Coinpedia - Fintech Cryptocurrency News Media | Crypto Guide.

Bitcoin finished the month of July on an optimistic note after achieving a growth of 16.6%, going from a price of $19,965 to $23,325. However, the possibility of Bitcoin's price dropping below 13,890 dollars has been dismissed as speculative. As a result, the hypothesis of a bear market may have reached its conclusion.