Bitcoin Below 75% Below It’s All Time High When Moon?

The current bearish market which signifies that bitcoin supply in profit and loss ratio which implies that the bear is losing momentum, as we continually see the bitcoin market prices taking a nose dive.

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In a live session with a crypto analyst who goes by the name Cowen as he speaks to he’s followers on YouTube which he says that soon enough which is reaches a consolidation phase before we can witness a bullish cycle.

“You can see the bears are losing steam…
I mean each new leg down, like the first major down, bears had a ton of momentum.
Second one, still a good bit of momentum.
Third one, some momentum.
Fourth, the momentum is really starting to slow down.
So the bears are slowly losing momentum as we get deeper and deeper into the bear market.”

The unique challenges which we experienced this year is slightly mirroring the previous bear market, the crypto industry in general has experienced a lot this year with the collapse of various crypto firms and the current micro economy which the world is current experiencing.

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Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

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