โโ#BTC_Cycle:
๐ Bitcoin Market Cycle Analysis: Analysis of the Four Phases Shown in Colors..
๐ด Strong Bear Market: The price is trading below the realized price, indicating extreme pessimism and low value.
๐ต Early bull market: Bitcoin is rising between the realized price and the true market average, indicating early signs of recovery and renewed investor interest.
๐ 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.
๐ข 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.
๐ Current Status: Bitcoin is trying to move from hype ๐ to euphoria ๐ข, after briefly touching its 2021 all-time high of $69K in March 2024 before entering a period of consolidation.
๐ญ Are we about to have a strong start? ๐
From: CryptoVIP
