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Bitcoin is showing signs of exhaustion, has the market endedOriginal Huang Weihong Xingyu x2023-04-2600:03 Published in GuangxiIncluded in the collection#Financial category, including digital currency π coins691Please click on the author's name above to follow to avoid missing important informationBitcoin is showing signs of exhaustionIn recent times, after Bitcoin broke through 30000 yuan, the argument of "a bull market has arrived" has been heard endlessly. Many friends have put together funds to invest and re enter the market, but the trend of coin prices has not been satisfactory

Edited by: Bi LumingData shows that Bitcoin has risen by 40% this year, while Ethereum has risen by more than 30%.

A highly regarded cryptocurrency strategist has stated that Bitcoin (BTC) may lay the foundation for a significant rise in the coming months as the king of cryptocurrencies replicates the parabolic rebound of nearly a decade ago.Pseudonym analyst TechDev told his 409100 Twitter followers that multiple technical indicators suggest that Bitcoin may be mimicking the 2015 bull market, during which it rose from less than $200 to $20000 in about two years

The cryptocurrency market is currently in a bad state as there are more and more problems and there seems to be no signs of easing.The price of Bitcoin has fallen by 75% since its previous historical high, but it may still fall further

On April 11th, the world's largest cryptocurrency by market value, Bitcoin, rose above $30000, reaching its highest price since June last year.Bitcoin's trend over the past 24 hours

Bitcoin prices have experienced several sharp fluctuations above the fulcrum level of $28500. BTC is currently rising and showing positive signs above $28800

The CoinDesk Market Index (CMI), which tracks the performance of the broader encryption market, plummeted by 5.6% within an hour