Bitcoin Enters Late Bull Cycle Stage, Says Analyst: What Investors Need to Know Now

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Bitcoin Enters Late Bull Cycle Stage, Says Analyst: What Investors Need to Know Now - NewsBTC

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Related Reading: MARA CEO Advocates "Invest And Forget” Approach To Bitcoin, Citing Strong Historical Performance Key Indicators Point to Cautious Optimism A significant metric supporting this observation is the percentage of Bitcoin traded within the past month based on realized market cap – UTXO, which currently sits at 36%, according to a recent analysis shared by a CryptoQuant analyst known as Crypto Dan.

In the analysis, Dan reveals that while this figure remains lower than peak levels observed in previous bull cycles, its downward trajectory suggests that the market is “progressing toward its cycle peak.” Dan anticipates that this peak could occur sometime between Q1 and Q2 of 2025.

Since the beginning of the current bull cycle in January 2023, Bitcoin has demonstrated substantial gains in both price and market duration.