Real Vision analyst Jamie Coutts believes that Bitcoin and other digital assets are poised to break out of a bearish phase as Bitcoin reclaims the $63,000 level. Coutts cites increasing global liquidity and a healthy crypto ecosystem as indicators that the market correction may be coming to an end, leading to a year-long bull run. He is closely monitoring the altcoin season index, which is showing bullishness, and believes that an increase in the money supply sets the stage for Bitcoin's next upward move. Additionally, he points to strong network activity on smart contract platforms during the market correction as a positive sign for digital assets heading into the fourth quarter. Bitcoin is currently trading at $63,343, up more than 6% in the last 24 hours.
Analyst Jamie Coutts Says Crypto Market Could Be in the Final Throes of a Bearish Phase – Here’s Why