Bitcoin has been trading between $90,000 and $100,000, leading to speculation about whether the bull market is over or if it will continue. Market analyst Omkar Godbole believes that the ongoing consolidation will result in an uptrend. He bases this conclusion on historical data, specifically the 200-week simple moving average (SMA). The SMA indicator suggests that Bitcoin still has significant upside potential, as the current bull run will not end until the SMA reaches the previous bull cycle's all-time high. The analyst cites previous data, stating that bull markets typically end when the 200-week SMA rises above the peak of the previous bull run. Based on this historical trend, the analyst predicts that Bitcoin's bull phase is not over and expects further upside potential. However, it should be noted that this is not investment advice.



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