Crypto analyst Tyler Swope says that despite Bitcoin (BTC) dropping 50% from all-time highs, the Bitcoin bull market is still solid.
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The Chico Crypto server said it was following the work of emerging on-chain analysts who announced long-term bullish signals for Bitcoin to 244,000 YouTube subscribers.
The analyst also points to the top post in the Bitcoin subreddit series highlighting four key signals of a bull market peak. According to Swope, we have not yet entered a bear market based on four main indicators.
Coming to the current phase of the bull market, Swope believes that Bitcoin is currently underlying the next leg.