SummaryBitcoin and the whole crypto sector are in a bear market for nearly a year now, with Bitcoin holding above its support at 18,000 USD.Since the crash in June, Ethereum has developed significantly better than Bitcoin.A Bitcoin recovery towards the 200-MA has a good chance as sentiment remains very pessimistic and seasonality is favorable until year-end.Macro wise, the upcoming US congressional elections seem to provide a breather for all market sectors. A milder tone by the FED could boost all markets, including Bitcoin and crypto.In the big picture, the correction in the crypto sector could be significantly longer, especially in terms of time, though.Bitcoin (BTC-USD) as well as the Grayscale Bitcoin Trust (GBTC) and the whole crypto sector are in a bear market for nearly a year now. Overall, the selloff has been brutal and any recovery has been short-lived. However, in recent months the correction has slowed down, and Bitcoin continues to find support around 18,000 to 20,000 USD.ReviewSince crashing to 17,600 USD in mid-June 2022 Bitcoin prices have only slowly recovered. Although there was a weak bounce in August to around 25,200 USD, prices have mainly been moving sideways between 18,500 USD and 20,000 USD in recent months.If you want to report at least something positive, then it is probably the fact that Bitcoin, in contrast to stock and bond markets as well as the price of gold, has not marked a new low in the last...
North Carolina Eyes Crypto for Pension Funds
