As the bitcoin price continues to hover in a tight range just below $4,000, crypto investors are breathlessly waiting to find out whether bitcoin price can punch through the resistance line that thwarted its most recent attempt to initiate a new bull market. Below, we examine both the bull and bear case for bitcoin as traders position themselves to be on the right side of the crypto market’s next major move. Bull Case: Bitcoin’s Losing Streak is Over, Could Rally to $400,000 Writing at ThinkMarkets UK, Chief Market Analyst Naeem Aslam makes the case that the 15-month Crypto Winter is
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