bitcoin-push-beyond-50000-era-hope-what-comes-next/” target=”_blank” rel=”nofollow”>Cryptographic analyst Ali Martínez has provided information suggesting bitcoin's bullish momentum is just beginning. Based on this, the flagship crypto token is likely to continue hitting new highs before the peak of the bitcoin-bull-market-glassnode/” target=”_blank” rel=”nofollow”>imminent bullfight.
Market Sentiment Suggests More Future Gains for bitcoin
In an X (formerly Twitter) mailMartínez revealed how long term btc holders go through a “cycle of emotions” during a bullish period. These investors usually start with bitcoin-mining-profitability-could-point-to-capitulation-still-ahead/” target=”_blank” rel=”nofollow”>capitulation before “progressing through hope, optimism and faith.” This capitulation phase is when these btc bulls succumb to the bears, with the bitcoin-bottom-in/” target=”_blank” rel=”nofollow”>bitcoin Fund arriving at some point.
The crypto analyst also noted that these btc holders experience “a brief period of anxiety” even after the belief phase, leading to a price correction. However, after that, the market re-enters a phase of confidence, indicating possible additional gains in the future, Martínez added.
The crypto analyst states that the market “has just emerged from a period of anxiety and has re-entered a new phase of confidence.” He further stated that this suggests that the market will likely witness further momentum for bitcoin before reaching the “peak of euphoria that characterizes the end of the bull cycle.”
According to Martínez's analysis, there are still new highs for btc. bitcoin is also very likely to surpass its all-time high (ATH) of $68,000. The crypto token has consistently been surpassed its previous ATH in each confinement. Curiously, this always happens months after the bitcoin-bull-market-glassnode/'” target=”_blank” rel=”nofollow”>bitcoin Halving occurs.
So it's no surprise that the btc Halving happens again foretold It will be the event that completely fuels the next bull run.
btc expected to see an influx of new investors
In a later x publicationAlí Martínez highlighted how bitcoin-price-to-50000-expert/” target=”_blank” rel=”nofollow”>bitcoin is far from gaining maximum popularity among the general population. This is based on a Google Search Trends metric, which shows how popular a term like “bitcoin” is. Currently, btc is said to have a score of 18, meaning it has not even reached “average popularity.”
The positive side of this data is that it shows how many more investors bitcoin could see in the next bull run. Furthermore, introducebitcoin-etfs-approved-by-us-sec/” target=”_blank” rel=”nofollow”> bitcoin Spot ETFs The timing is believed to be perfect as these funds could help bring the next generation of bitcoin holders into the crypto space.
A search engine like Google could also play a role when these investors become interested in the flagship crypto token. Fortunately, the platform has already blessed advertising cryptocurrency-related funds, meaning it will be easy for these users to invest when the time comes.
At the time of writing, btc is trading at around $51,400, up more than 2% in the last 24 hours, according to bitcoin/” target=”_blank” rel=”nofollow”>data from CoinMarketCap.
Dall-E cover image, Tradingview chart
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