Bitcoin Displays Signs of Bottoming Before Its Next Bull Move

Bitcoin’s price has trended downward since clinching a new all-time high at $123,731 on August 14. The leading coin now trades at $115,892, noting a 7% dip in less than a week.   While this pullback has triggered concerns among traders, on-chain data suggests a potential rebound, led by Bitcoin’s largest investors, could be on the horizon. BTC May Be Entering a New Bullish Phase, Analyst Says In a new report, pseudonymous CryptoQuant analyst SunflowrQuant noted that “a new bullish phase for BTC may be starting in the near term,” as a key on-chain metric flashes positive signals source: https://beincrypto.com/btc-price-displays-signs-of-bottoming/