In recent weeks various industry observers have indicated that the cryptocurrency market is experiencing a bullish run.  The notion has received more support with a fresh report implying that the bear market is actually waning and it is in the accumulation phase.

Heavy Accumulation

According to a recently published report by ADAmant Capital, Bitcoin (available on Coinbase) is already experiencing heavy accumulation, and the phase will bring its price to between $3,000 and $6,500, at least until the bullish run gains momentum. Bitcoin (available on Coinbase) whales are already accumulating the major cryptocurrency synonymous to the 2014-2015 bear market, indicating that the cryptocurrency is preparing for a price increase in the future.

The report indicates that retail traders are leaving the cryptocurrency market as long-term and agnostic investors become dominant. This is reportedly consistent with Bitcoin (available on Coinbase)’s volatility analysis, which fell below 5% in the 60-day volatility range, which is lower since 2016.

The report goes on: “During the accumulation phase, the market will trade in a range: the weak hands, who are trying to get out of the market, take profit during rallies and thus create the resistance, and the sTron (available on Binance)g hands, looking to accumulate, buy at the bottom of the range which eventually creates a floor in the piece.”