Botcoin boom still at stake? The analyst predicts the final advantage

According to a fast cryptocant mail Published today, bitcoin (btc) may not have reached the peak of the current market cycle yet. A key metric in the chain suggests that there could be a final advantage for the leading cryptocurrency before this bullish market ends.

bitcoin to get to New Peak soon?

Coingcko data show that bitcoin has fallen more than 23% since it reached its most recent of all time (AT) of $ 108,786, on January 8. The main digital asset has been largely affected by the global macroeconomic uncertainties, particularly those related to the new rates policies of the president of the United States, Donald Trump.

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Despite the setback, the cryptocant taxpayer crypto Dan believes that bitcoin may still have Running room. In a recent Quicktake position, he pointed out the relationship between the volume of btc negotiated for a period of six to 12 months as a crucial indicator of the current progression of the market cycle.

This relationship reflects the amount of new capital that enters the cryptography market during the cycle and historically has been closely correlated with market movements. According to crypto Dan:

Typically, this first relationship decreases, which indicates the end of the early phase of the bull cycle. After a while, it decreases again, reaching a lower level than the first fall, marking the end of the bull cycle.

After the first decrease in the relationship, the market often recovers an upward impulse. Subsequently, the second stage of the rally tends to attract newcomers and retail investors whose participation sends btc to new maximums.

Finally, as the euphoria of the market begins to reach its maximum point and the distribution phase begins, the volume ratio experiences a second more clear decrease. Finally, the second fall in the relationship marks the end of the bull cycle and precedes an important market correction.

According to the following table, btc reached a critical midpoint in March 2024, when the volume ratio of six to 12 months experienced its first remarkable decrease, consisting of the patterns observed in previous cycles. The relationship now seems to be entering its second and last fall, which can lead bitcoin towards the maximum peak of this cycle.

btc holders see the current recoil as temporary

Multiple indicators suggest that bitcoin holders see the correction of the current market as in the short term. For example, recent analysis by Cryptochar Ochained collaborator revealed That short -term btc holders continue to maintain their coins despite being in a loss, possibly in advance of an upcoming upward investment.

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In addition, net exchange flow data needles Towards a possible price rally, indicating a reduced sales pressure. At the time of publication, btc is quoted at $ 82,086, 1.5% less in the last 24 hours.

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