Bitcoin’s “Main Bull Phase” Has Arrived: On-Chain Analyst

Through bull and bear rallies, crypto analysts have always given their forecast for where the price of a crypto like bitcoin might end up. Mostly, this is the norm, but one analyst has taken a deeper dive into the coin to give an in-depth analysis of Bitcoin’s upward rally. The analysis touches on multiple indicators, as well as the widespread acceptance that BTC has been gaining recently. Bitcoin Price To $70,000 The analysis shared on TradingView shows a different side of the market that has previously been untapped. The analyst who goes by ArShevelev identifies the period between March....

A rebound in Bitcoin's relative strength index echoes early 2017, prior to months of upward price action to all-time highs of $20,000. Bitcoin (BTC) is at the start of its next “main bull run” and the price peak won’t hit until the end of 2021, well-known analyst Willy Woo believes.In one of many recent Twitter discussions on Nov. 11, the creator of statistics resource Woobull produced fresh evidence that Bitcoin’s price gains are only just beginning.Woo: Bitcoin RSI “just warming up”Uploading a chart showing Bitcoin’s relative strength index (RSI), Woo noted similarities between the....

Only 36% of Bitcoin’s supply has moved in the last 6 months, down from 50% during last bull season Bitcoin’s liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months.According to data shared by on-chain crypto data aggregator Glassnode on March 21, the peak of the 2017 bull market saw 50% of Bitcoin’s supply circulating within the preceeding six months.In bull markets old coins tend to move more. This increases the relative supply of younger coins in the network. At previous $BTC tops, around 50% of the #Bitcoin supply was younger than....

Indicators point to the moon as an ailing macro economy provides a mass influx of retail investors into Bitcoin. Bitcoin (BTC) is looking increasingly like it is in a “supercycle,” not just a bull cycle, statistician Willy Woo suggests.In a Twitter exchange on Feb. 12, the popular analyst joined Dan Held, growth lead at U.S. exchange Kraken, calling the current BTC market a bull run like no other.Woo: Retail has arrivedHeld had previously explained his theory about the state of Bitcoin in 2021 — that price gains cannot be compared to past bull phases, and do not even match the end of 2017....

The Bitcoin recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections stabilize.  Bitcoin Bull Run Still Going Strong Popular crypto analyst, CryptoCon sees Bitcoin’s recent price drop as a minor setback, suggesting that the cryptocurrency’s highly anticipated bull run remains unfazed. The analyst took to X (formerly....