CryptoQuant analyst said Bitcoin (BTC) is about to enter a “strong bull” zone.
Crypto Dan, analyst at on-chain analysis platform CryptoQuant, said: 4 March He excited investors with his dated Bitcoin analysis. In the technical indicator he shared, he pointed out that Bitcoin had entered a strong bull market and supported this with historical data.
Past in bull markets And in the middle of bull marketsindicating that the indicator in question is at the same location as the current position. The rise may continue He hinted.
Stating that the influx of new investors may begin from this point, Crypto Dan said: in a full-fledged bull market Bitcoin is approx. For 6 months to 1 year He noted that he could stay in this region:
From this point onwards, new investors are likely to start flocking in in large numbers. However, most new investors quickly arrive in the second part of the bull market near the peak, and Bitcoin can still be expected to have upside potential by that point. This region is a region where the rate of Bitcoin currently experiencing losses is very low. Generally, in a full-fledged bull market, it stays in this zone for about 6 months to 1 year.