Summary
- Bitcoin is currently in an upward trend and has not reached the peak, it was stated.
- It was explained that a golden cross is needed to reach the highest level of a bull market.
- It was advised to watch market volatility and important signals to seize investment opportunities.
An analysis has emerged that Bitcoin (BTC) has not yet reached the peak of its upward trend cycle.
On the 12th (local time), a BQ analyst from the on-chain analysis platform CryptoQuant explained, "Looking at the Bitcoin bull-bear market cycle indicator, it can be seen that Bitcoin is currently in an upward trend. The price is rising but has not yet reached its peak."
For Bitcoin to reach the highest level of a bull market, the short-term 30-day moving average must cross above the long-term 365-day moving average, and this golden cross can create an even stronger upward trend.
The BQ analyst added, "Although the current bull market shows strong momentum, market volatility should not be overlooked. Important signals such as moving average crosses should be watched to more effectively seize investment opportunities."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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