Bitcoin (CRYPTO: BTC) has pulled back about 12% over the past three months, a move one industry commentator describes not as weakness, but as a necessary reset ahead of a broader uptrend.
“Bull Market Is Already Underway”
In an Apr. 22 episode of The Pomp Podcast, entrepreneur and investor Anthony Pompliano argued that Bitcoin is already in a bull market phase.
He said the recent correction, from earlier highs near $126,000 down toward $60,000, helped “reset” market conditions before a renewed move higher.
Pompliano also emphasized that Bitcoin’s path toward becoming …