The general crypto market has recorded a slight decline in the last week, with the market leader Bitcoin losing 0.78% of its value over the last seven days. This price loss amplifies BTC’s negative monthly performance, pushing its total loss in the last 30 days to around 5.38%, according to data from CoinMarketCap. At the time of writing, the premier cryptocurrency is trading at around $29,022, with its daily trading volume valued at $10.746 billion, having gone down 12.54%. However, amidst Bitcoin’s current downtrend, it appears the token’s larger performance could be indicating a bullish market in the coming months. Related Reading: These Are The Factors That Could Lead To Another Bitcoin Rally: ARK Invest Bitcoin Could Be Repeating Historic Bullish Price Cycle – What Does This Mean? On Aug. 4, crypto analyst Ali Martinez on social media platform X posted that Bitcoin is likely repeating a popular bullish cycle of its price history. According to Ali, the token current’s price trajectory since attaining its all-time high in November 2021 is identical to its price movement between 2013 and 2017 based on data from Glassn ..
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