Analysis: Currently, Bitcoin is in its fourth cycle, and the current position indicates a short-term risk of overheating in coin price

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2024/04/17 03:15

According to Guojin Securities analysis, based on historical data, Bitcoin is currently in its fourth cycle and it's still considered the early stage of this round. As of March 2024, Bitcoin has recorded a seven-month consecutive rise, surpassing the six-month bull market from 2020 to 2021. In history, only from March to September 2012 did the number of consecutive rising months reach seven. The current position indicates a short-term risk of overheating in coin prices.

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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