Bloomberg Analysts Believe Bitcoin is Entering a Bullish Phase

According to Bloomberg analysts, the largest crypto by capitalization will soon enter a new bullish phase.

The report, which has been prepared by strategists led by Mike McGlone, says the cryptocurrency was at the bottom in the middle of summer. It is now trading almost 66.4% below its all-time high on November 10 last year.

However, the asset still retains its status as one of the most promising assets. The approaching new phase of growth will once again prove the huge potential of bitcoin.

According to the analysts, the Federal Reserve is still putting a lot of pressure on tech stocks and crypto.