There are a lot of optimistic predictions about the most important digital asset out there. Check out the latest reports about Bitcoin below.
Bitcoin makes history
A closely followed crypto strategist known for making long-term assessments on Bitcoin (BTC) believes that the king crypto has entered bull territory.
Pseudonymous analyst Rekt recently said that Bitcoin had concluded its 16-month long bear market after ending March on a high note.
He also stated not too long ago, according to the online pubcalition the Daily Hodl that Bitcoin has managed to close March above a diagonal resistance that has kept BTC bearish since November of 2021.
“[On April 1st], BTC confirmed its breakout beyond the macro downtrend to begin a new macro uptrend.”
Rekt also highlights that based on Bitcoin’s history, bull markets tend to emerge after BTC takes out its bear market trendline.
“BTC has broken the macro downtrend.
History has shown that when macro downtrends are broken, macro uptrends begin.”
Bitcoin in the news
It’s been reported that the Bitcoin whitepaper is speeding down a Formula 1 racetrack in Melbourne this weekend.
Kraken, which earlier this week announced that it was partnering with Williams Racing to become its first-ever official crypto and web3 partner, is placing the opening excerpt of the nine-page document on the team’s cars that will be competing at the Australian Grand Prix.
Check out the following tweet.
YES! That’s the Bitcoin Whitepaper on the @williamsracing F1 car 👀
Who said #Bitcoin isn’t fast!? pic.twitter.com/HSRMpPHihr
— Kraken Exchange (@krakenfx) March 31, 2023
The Block online publication notes the fact that “Featuring the bitcoin whitepaper on the Williams car is a symbol of our belief and commitment to crypto’s mission,” Kraken Chief Marketing Officer Mayur Gupta said.
Stay tuned for more important news coming from the crypto space.