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For about three weeks, Bitcoin (BTC) price has been steadily moving above the psychologically important $30,000 level. Despite the fluctuations and uncertainties in the market, Bitcoin has remained resilient, prompting top analysts to think about the possibility of the bear market ending.
The continuation of this support level around $30,000 showed many investors that the negative volatility in the Bitcoin ecosystem may be over.
This confidence is supported by a number of positive fundamental developments associated with the digital currency. As MicroStrategy continues to amass the pioneering digital currency, it has served as a token of confidence to other Wall Street firms considering taking similar steps.
The combination of these positive trends with technical indicators encourages optimism that this bear market is over.
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