In this post, I’ve explained that before we reach the final stage leading to the next bull run, we might witness one last correction. History often repeats itself, and if you look at the chart I’ve drawn showing the previous cycle, you'll notice similar patterns playing out. This time appears to be no different. Stay vigilant and study the market carefully before making any decisions.
LIVECrypto Forecast Hub
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Bullish
Bitcoin Long-Term Holders Outlook:
Historically, we observe that whenever Bitcoin reaches a new all-time high (ATH), the number of long-term holders tends to decrease. This is because many long-term holders often decide to take profits at these peaks.
Additionally, when the price of Bitcoin intersects with the long-term holders' average purchase price, we frequently see a correction in the market before the next bullish phase. This pattern has been consistent across previous market cycles.
At present, it appears that we are in the final stages of this correction phase, setting the stage for the official start of the next bull market. 🚀⏳
Long-term holders (LTHs) are typically defined as those who hold Bitcoin for more than 155 days. Historically, these holders tend to accumulate during bear markets and sell during bullish peaks.
#BTC500K #btc #BTC☀
Historically, we observe that whenever Bitcoin reaches a new all-time high (ATH), the number of long-term holders tends to decrease. This is because many long-term holders often decide to take profits at these peaks.
Additionally, when the price of Bitcoin intersects with the long-term holders' average purchase price, we frequently see a correction in the market before the next bullish phase. This pattern has been consistent across previous market cycles.
At present, it appears that we are in the final stages of this correction phase, setting the stage for the official start of the next bull market. 🚀⏳
Long-term holders (LTHs) are typically defined as those who hold Bitcoin for more than 155 days. Historically, these holders tend to accumulate during bear markets and sell during bullish peaks.
#BTC500K #btc #BTC☀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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