Bitcoin price is approaching the red warning zone, and the "crazy bull market" may be on the way

CryptoChan2024/11/19 06:59

By: CryptoChan

According to the latest on-chain analysis data, the price of Bitcoin (BTC) is gradually approaching the upper limit of the red ribbon calculated based on the tradable supply and active level (Liquid Supply Liveliness) on the chain. This red area usually reflects the upper limit of chip cost at the end of the bull market. Historical data shows that during the mad bull stage, the market trading price may touch or even break through this area. This signal suggests that BTC may enter the climax of the bull market.

Bitcoin price is approaching the red warning zone, and the

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The article analyzes the current transitional phase of the global economy from being fiscally driven to being led by the private sector. It points out that fiscal spending and Treasury quantitative easing have fueled asset bubbles in recent years, but now the liquidity cycle is peaking. Summary generated by Mars AI. This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative updates.

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Bitcoin price is approaching the red warning zone, and the "crazy bull market" may be on the way

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