๐๐ **Bitcoin Bulls Charge Ahead!** ๐๐
Renowned analyst Michaรซl van de Poppe suggests that Bitcoin (BTC) has transitioned from the accumulation phase to the **first phase of the bull cycle**. Here's the breakdown:
๐ **Phases in the Market Cycle:**
- Bear Market ๐ฅ
- Accumulation Year ๐ฉ
- First Bull Phase ๐ช
- Second Bull Phase ๐ฉ
๐ **Timeline:**
- Bear Market (Nov '21 - Nov '22)
- Accumulation Year (Nov '22 - Nov '23)
- First Bull Phase (Commencing)
๐ **First Bull Phase Traits:**
- Gradual upward trajectory for Bitcoin
- Altcoins gain momentum, experiencing significant growth
- Altcoins like XRP, Cardano, and Chainlink show impressive surges
๐ **Altcoin Growth Predictions:**
- Altcoins may appreciate by 500% to 1,000%
- Anticipation of altcoins emerging from the bear market
- Similar trends observed in the DeFi Summer cycle, expected in the upcoming Spring/Summer
๐ **Market Observations:**
- Bitcoin reclaims $37,000 price territory for the first time since May 2022
- BTC currently trades at $37,108, up 4.9% in the last 24 hours
๐ **Exciting times ahead as Bitcoin leads the bull charge!** ๐๐ช #Bitcoin #BullCycle #BullRun #BTC๐ฅ๐ฅ #marketanalysis ๐๐$BTC
