Lark Davis Says Bitcoin May Be Nearing a New Bull Market, Puts Market Bottom at $57,000

Bitcoin was trading in the $80,000s as crypto investor and YouTuber Lark Davis said it may be nearing a new bull market, putting the market bottom at $57,000. Davis based that view on about a dozen on-chain and technical indicators. He highlighted what he described as record accumulation by large holders and the two-week MACD as signs the market bottom may be in. Bitcoin’s potential $80,000-to-$95,000 range during choppy trading has also been discussed alongside an early-bull-phase outlook. Davis also discussed Bitcoin ETF flows, comparisons with gold ETFs, the four-year cycle, the Strategic Bitcoin Reserve and the Clarity Act. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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