Analyzing Bitcoin:
Bullish signals for Bitcoin have re-emerged, and the market indicator of the ratio of Bitcoin's market cap to its realized cap has re-entered the bullish zone.
This reversal in on-chain data is typically rare, occurring only within a few weeks. A similar situation occurred in 2020 when it was regarded as a slowdown in the middle of the cycle.
The positive changes in the current indicators may suggest that Bitcoin is likely to reach new historical highs. Although technical analysis and market outlooks typically lead on-chain data, the emergence of confirmation indicators still holds significant reference value. If this indicator can maintain positive momentum, Bitcoin's price may further break through.
#BTC
Bullish signals for Bitcoin have re-emerged, and the market indicator of the ratio of Bitcoin's market cap to its realized cap has re-entered the bullish zone.
This reversal in on-chain data is typically rare, occurring only within a few weeks. A similar situation occurred in 2020 when it was regarded as a slowdown in the middle of the cycle.
The positive changes in the current indicators may suggest that Bitcoin is likely to reach new historical highs. Although technical analysis and market outlooks typically lead on-chain data, the emergence of confirmation indicators still holds significant reference value. If this indicator can maintain positive momentum, Bitcoin's price may further break through.
#BTC
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BTC
102,539.11
-1.33%