Trader and analyst 'Daan Crypto Trades' stated today on X: 'Bitcoin has entered the price discovery phase for this cycle,' and pointed out that its price has exceeded the historical high for nearly a month, hence Bitcoin may face 'crazy bullish opportunities' in the coming months.
He stated that after the discovery phase, previous cycles experienced upward trends, noting that Bitcoin rose by 1,600% during the 2017 bull market and by 245% during the 2021 bull market after entering the discovery phase.
He added: 'Even if we only achieve half of the 2021 gains, the price will still be around $150,000.'

Charles Edwards, founder of Capriole Fund, commented: 'In each cycle, we see 4-7 months of Bitcoin price discovery returns,' and added that the first month just occurred in November, with Bitcoin rising nearly 40%, breaking the monthly candle record. (Cointelegraph)

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