A Fresh Perspective on the Current Bitcoin Bull Run Analysis

A Fresh Perspective on the Current Bitcoin Bull Run Analysis

The ongoing Bitcoin bull run is proving to be quite unique in the annals of cryptocurrency history, with a Bitcoin bull run analysis revealing stark contrasts to its predecessors. This time, Bitcoin has surpassed its previous 2021 peak, reaching over $70,000 before the mid-April halving event. This deviates from the normal trend observed in earlier halvings, where Bitcoin’s value typically peaked post-halving. The current bull run is further distinguished by the debut of spot Bitcoin ETFs on US stock exchanges, a landmark development in the digital asset sector. According to esteemed analyst PlanB, this rally represents a break from past trends, with theories suggesting that the anticipated price impacts of the approaching halving might have already been priced into Bitcoin’s current value – a theory that was disproved in past halvings. Analyst Rekt Capital delineates the Bitcoin halving cycle into four phases: the pre-halving rally and retrace, the final pre-halving retrace, the re-accumulation phase, and the Parabolic Uptrend phase. However, the current cycle might witness a less volatile and shorter re-accumulation phase, and a rapid Parabolic Uptrend phase, further underscoring the significant alterations in the Bitcoin halving cycle this time. This Bitcoin bull run analysis underlines the unprecedented nature of the ongoing rally.

Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!

Source article…

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top