Bitcoin Bear Market Over? Top Analysts Turn Bullish, but History Says Otherwise

Ever since bitcoin started plunging real hard at the start of the new year and dumped to and eventually below $60,000, analysts have been focused on trying to determine where the bottom is.

As usual, they are split into two camps: two who believe another crash is coming, and the optimists indicating that the worst is behind us.

Crypto X, though, was a little surprised on Friday when three analysts showed an interesting and unexpected convergence, with Ali Martinez, Michaël van de Poppe, and Merlijn The Trader posting opinions that essentially determined BTC is about to break out.

Analysts Turn Bullish Martinez emerged as arguably the most bullish, highlighting several factors that have aligned for his major breakout call. He noted that improving on-chain data and technical indicators suggest that BTC has likely established a local bottom.