Historical data shows that Bitcoin price may correct before a new bull run begins.
According to a CryptoQuant analyst 92.95% of the amount of Bitcoin in circulation is in profit It is estimated that .
This is the number of Bitcoins bought or sold in the past year. Almost 93% of it is more valuable today means.
Analysts who examine the cycles that the crypto market has entered in the past say that this rate Profit selling when it reaches 96% He detected that it was being done and wrote the following:
“If Bitcoin continues to follow historical trends, the price will rise further and the proportion of coins in profit will above 96% We can see it coming out and then investors snow can take and in 2024 before bull rally “There may be a correction in the price.”
Accordingly, the analyst expects the price to rise in a short time. Between 55 thousand and 60 thousand dollars can come out and that you can try a new record he thinks. Then the analyst expects a correction. predicts bull run.
