Bitcoin (CRYPTO: BTC) accelerated its decent during Friday’s 24-hour trading session, falling over 8% lower at one point before bulls came in and bought the dip at the 21-day exponential moving average (EMA), causing the crypto to bounce up slightly from the low-of-day. Cryptocurrencies have seen record weekly inflows of $3.4 billion and although Bitcoin pulled back on Thursday and Friday, the crypto has skyrocketed about 60% since the market closed on Dec. 31, 2023. To explain the strong bull cycle the crypto market has been experiencing, Bank of America’s chief investment strategist, Michael…