According to cryptocurrency analysts, it can be said that Bitcoin has now truly entered the bull market.
Popular cryptocurrency analyst Michael van de Poppe says Bitcoin 50 thousand dollars threshold Regarding the passing “Welcome to the bull cycle.” your comment made.
One of the things that triggered the rise in Bitcoin price was the recent net addition to spot Bitcoin ETFs in the US, including Grayscale Bitcoin Trust (GBTC). More than $600 million There was money coming in.
Bitcoin has been around more than once over the years. to the bull cycle entry. According to some analysts, these cycles are the reason why Bitcoin breaking price records and then more than 80% value It starts with losing.
The price bottoms out after that and Bitcoin about two years after a period of time price record It breaks. Bitcoin, which remained in the rally for another year, after its peak from scratch to loop starting.