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Title: Great Bull Market for Crypto Is Looming: Top Analyst
U.Today reported earlier today that Bloomberg Intelligence has published a concerning tweet about the current state of the crypto market. According to the tweet, Bitcoin is losing momentum to gold, and both Bitcoin ETFs and gold ETFs are experiencing opposite movements. This development could signal that the bearish trend in the crypto market may continue for some time.
However, contrary to this dire forecast, Bloomberg Intelligence’s own analyst has just shared a different outlook on the situation. In a recent tweet, he predicted that we are about to enter a great bull market for crypto.
He attributed this potential upswing to the decline of both Bitcoin and Ethereum from their all-time highs. According to his analysis, these asset prices have become undervalued in comparison to their historical performance.
Source: https://u.today/great-bull-market-for-crypto-is-looming-top-analyst
