Bitcoin is entering a price discovery phase, according to analyst Daan Crypto Trades. BTC has surpassed the $100,000 mark and reached an intraday peak of $102,500 before slightly declining. This is the first week after the halving event, which is often the strongest growth year in the cycle. 🌟

Ki Young Ju from CryptoQuant predicts that this bullish cycle could be the longest ever, thanks to new liquidity sources. However, some other analysts believe the market may peak in the first half of this year.

The crypto market capitalization currently stands at $3.74 trillion, primarily due to the growth of Bitcoin. Ethereum and other altcoins like TRX, AVAX, and HYPE have shown slight fluctuations. 📈