📍#Bitcoin: The bullish cycle will soon continue

📌 According to #Bitfinex, the technical and on-chain data suggest that the current bull run still has room to grow, despite the strong price increase. However, macroeconomic conditions will be the key factor determining whether Bitcoin will continue to break out.

📌 In April 2025, BTC increased by +14.08% – far exceeding the historical average (7.3%). At the beginning of the month, it was affected by tariff news from Trump, and the price dropped to 74,500 USD, but by the end of the month, it had recovered to 97,900 USD – a recovery of +32%.

📌 The miner's index (such as Puell Multiple < 2) and the behavior of holding coins instead of selling them on the market show that they do not believe this is the peak. The BTC reserves of miners have even slightly increased → a signal supporting the potential for further increases.

📌 The current important technical level: 95,000 USD

If BTC can hold this area and turn it into strong support, the market may enter the next price increase phase. Conversely, if it fails — the price may retest lower support levels.

📌 The cost basis of short-term investors (STH) is currently 93,340 USD – $BTC #BTC has surpassed this level, showing good momentum. However, stability must be maintained to solidify the upward trend.

🔥 In summary: The bull run cycle shows no signs of ending, but the market is approaching the "deciding zone". The next few days will clarify the direction ahead.