CryptoQuant: The Bitcoin bull run isn’t over yet
The CryptoQuant report shows that the Bitcoin bull market is not over yet, with investment inflows from new investors relatively low and price valuation indicators still below past market peaks. 48% of Bitcoin investment comes from short-term holders, a proportion that has reached levels similar to mid-2019. CryptoQuant analysts said that “bull markets typically end when new investors reach 84% to 92% of investment.” The market has still not reached the top zone, but is expected to enter a bull market. In addition, the upcoming Bitcoin halving event is seen as an important factor supporting Bitcoin prices. Standard Chartered predicts that Bitcoin prices could reach $150,000 in 2024 and hit a cycle top of $250,000 in 2025.
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.
You may also like
SEI Price Chart Shows Growth, Tron Pushes Network Upgrades, but BlockDAG’s $410M Presale Ranks as the Best Crypto Right Now
Explore SEI price growth, review Tron (TRX) trends, and discover how BlockDAG’s $410M presale momentum secures its place as the best crypto right now.BlockDAG: A Mining-First Path to GrowthSEI Price Chart Reflects Weekly GrowthTron Market Review Shows Steady ProgressSumming Up

XRP Price Prediction: Analysts Watch $3.20 Breakout As Korean Custody News Fuels Speculation

Michael Saylor: Bitcoin Is Building a Base as 'OG' Sellers Exit and Big Money Preps
With the Treasury General Account refill almost done, ‘up only can resume’: Arthur Hayes
Trending news
MoreCrypto prices
More








