#BTC_Cycle:
🔍 Bitcoin Market Cycle Analysis: Analysis of the Four Phases Shown in Colors..
🔴 Strong Bear Market: The price is trading below the realized price, indicating extreme pessimism and low value.
🔵 Early bull market: Bitcoin is rising between the realized price and the true market average, indicating early signs of recovery and renewed investor interest.
🟠 Excited Bull Market: The rally heats up as Bitcoin moves between the average true market and the previous all-time high (ATH), with increasing excitement and buying pressure.
🟢 Optimistic bull market: The most intense phase, where Bitcoin trades above the previous historical high of the cycle, often driven by fear of missing out and euphoria in the market.
🚀 Current Status: Bitcoin is trying to move from hype 🟠 to euphoria 🟢, after briefly touching its 2021 all-time high of $69K in March 2024 before entering a period of consolidation.
💭 Are we about to have a strong start? 📈
From: CryptoVIP
