Is Bitcoin about to enter the final phase of a bull market?

The world’s leading cryptocurrency, Bitcoin, is on the brink of significant appreciation.

CryptoQuant platform's analysis expert, Crypto Dan, revealed an important market observation: Bitcoin may experience a notable upward trend in the next two months, based on a key market signal that has historically indicated price surges.

This observation was detailed in the QuickTake section of CryptoQuant and highlighted a historical indicator that significantly suggests price movement has reappeared.

Bitcoin Market Outlook: Significant Rise Ahead

This indicator typically appears only once or twice throughout the entire bull market cycle, and its reappearance during the current bull market cycle, which began in January 2023, is viewed as a strong signal of impending market volatility.

To further explain this viewpoint, Crypto Dan introduced the SOPR ratio indicator, which provides investors with deep insights into market sentiment by measuring actual profits and losses in the Bitcoin market.

Notably, the “Golden Cross” phenomenon identified by Crypto Dan marks a critical moment in the bull market cycle. Historically, Bitcoin prices tend to experience strong increases within two months after this signal appears.

Currently, the market is likely in the final stage of the current upward cycle, characterized by a more rapid price increase and shorter consolidation periods. This means that while Bitcoin's appreciation potential is enormous, the opportunity for investors to accumulate positions at lower costs may be fleeting.

Recently, many have been promoting Ethereum chain Musk 𝑝𝑢𝑝𝑝𝑖𝑒𝑠, having set up a position.