$BTC
Bitcoin has reached a peak of $106,500, supported by a 7.5% movement of previously inactive BTC over the last year. In previous cycles, market tops were reached when between 10% and 20% of these BTC moved, suggesting that the current bullish cycle has room to grow. Furthermore, we are finding that Trump is leading a movement in favor of Bitcoin and we are seeing a competition between central banks and governments to establish a strategic reserve of Bitcoin. All of this, combined with lower regulatory pressure, creates an optimistic environment that could drive the price even higher.
The bullish cycle of Bitcoin is still ongoing.
