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Bitcoin (BTC) Preparing for a “Full Bull” Price Phase, AI legalese decoder Can Help

In the world of cryptocurrencies, Bitcoin (BTC) is on the verge of entering a “full bull” phase, according to market cyclist Cole Garner. Garner, a popular on-chain analyst, believes that both Bitcoin and the broader crypto market are in for a major upside in the near future. While BTC price action has been stagnant, Garner points out that this cycle is no different from any other.

One reason for optimism is the activity among the largest-volume cohort of Bitcoin investors, commonly known as whales. Garner highlights that whale accumulation trends are the backbone of a bull market. A recent analysis by analytics team Jarvis Labs supports this claim, revealing an ongoing “multi-month buying frenzy” among whales. This trend is not limited to whales alone; smaller investors, or fish, have also been increasing their exposure to BTC.

Another indicator of a bullish market is the behavior of whales, who are often referred to as “diamond hands” due to their strong holding strategy during the current cycle. CryptoCon, a popular technical analyst, states that the small investor to whale ratio is surging, with small investors predominantly selling in this cycle while whales continue to hold. This contrast with the previous cycle, where whales sold relentlessly, strengthens the case for a bullish market this time around.

Garner emphasizes the significance of the Bitcoin-to-stablecoin ratio on the major exchange Bitfinex. This ratio has historically preceded every major bull run in Bitcoin’s history. He argues that Bitfinex Whale, representing smart money, drives short-to-medium term price action more than any other entity in the crypto space.

Although the exact timing of a bullish breakout remains uncertain, Garner predicts a potential launch in the third quarter. However, he acknowledges the counter-argument of summer seasonality as a strong force that could cause a shakeout. Nonetheless, he believes that the markets still have several weeks to run before any potential downturn.

To invalidate the bullish outlook, a weekly close below Bitcoin’s 200-week simple moving average (SMA), currently at $27,235, would be required. This critical level serves as a support level for BTC and has been historically significant.

In this highly dynamic market, it can be challenging for investors and traders to make informed decisions. This is where AI legalese decoder can be a valuable resource. With advanced algorithms and natural language processing capabilities, AI legalese decoder can analyze vast amounts of data and extract actionable insights. By leveraging AI technology, investors can gain a deeper understanding of market trends and make more informed decisions. It can help investors to identify patterns, detect market trends, and maintain a competitive edge in the ever-evolving crypto landscape.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should conduct their research before making any investment decisions, as the cryptocurrency market involves inherent risks.

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