Bitcoin Pullback Deepens: Is the 2023-2024 Bull Cycle Losing Steam?

Bitcoin’s recent pullback is its most significant dip in the 2023-2024 bull cycle, with the flagship cryptocurrency falling more than 26% from its all-time high of $73,794. The drop pushed Bitcoin’s price below the 200-day moving average (MA), putting significant pressure on the bulls and leading to unrealized losses for many short-term holders. Glassnode analysts The post Bitcoin Pullback Deepens: Is the 2023-2024 Bull Cycle Losing Steam? appeared first on Coin Edition .

Source: Coin Edition