“The current bovine market is inferior to the previous power, but demonstrates the similarity with the events of 2015-2018, leaving the space for acceleration in the permanent perspective. This conclusion was reached in Glassnode. Experts analyzed the dynamics of the course of the first cryptocurrency relative to the minimum of the cycle and found a decrease in the rate of rise in prices with each new Bulran. In their view, this reflects the movement to maturity and the increase in the capital needed to increase the value of assets. […]”, – WRITE: Businessua.com.ua
The current bovine baitcoin market is inferior to the previous force, but demonstrates similarity to the events of 2015-2018, leaving space for acceleration in the highlight perspective. This conclusion was reached in Glassnode.
Experts analyzed the dynamics of the course of the first cryptocurrency relative to the minimum of the cycle and found a decrease in the rate of rise in prices with each new Bulran. In their view, this reflects the movement to maturity and the increase in the capital needed to increase the value of assets.
The current cycle relative to the minimum at the end of 2022 corresponds to the point of transition to the second phase of euphoria. In the last two bull markets, at this time, there was a noticeable acceleration of quotations growth due to the influx of new demand.
Source: Glassnode.
The next graph with an illustration of the range of rollbacks showed that in the current Bulran corrections are located between Fibonacci levels in 10.1% and 23.6% and demonstrate similarity to the 2015-2018 cycle.
Analysts explained such a small amount of rollbacks (at a maximum of Ath They did not exceed 25%) in demand, which was formed by recognizing digital gold as a macroactive and popularity of spot BTC-ETF.
Source: Glassnode.
Experts considered the dynamics of realized capitalization. The tool helps to visualize the pace of a clean inflow of funds.
In the current cycle, the increase in the metric was 2.1x, which is much lower than the peak value of 5.7x in the previous one, but again shows the similarity with the events of 2015-2018.
According to this indicator, the market has not yet entered the stage of exponential growth, which leaves the potential to expand positive dynamics, according to Glassnode.
Source: Glassnode.
We will remind, Analyst Ali Martinez called $ 91 700 and $ 97 877 key supports for saving a bull pulse.
Bitwise has predicted “less profound” corrections of digital gold thanks to US President’s initiatives Donald Trump.
Earlier Bitcoin-Futures for the first time since August 2023 went to the bear area through news around Deeceek and uncertainty around the meeting Fed.
The gun