Bitcoin In March, its previous ATH exceeded $69,000 and reached a new level. ATH reached the level.
After this rise BTC It experienced a correction to the $60,000 level, but BTC subsequently rebounded.
At this point, while investors’ bullish expectations continue CryptoQuant CEO Ki Young Ju’A new post came from.
The famous CEO pointed out that Bitcoin’s current movements are similar to the previous bull cycle. He said that BTC has entered the real bull market by breaking its previous ATH.
Comparing Bitcoin’s bullish cycle in 200-2021 with its current cycle, Ju said that Bitcoin’s bullish cycle consists of recovery, breaking the ATH in the previous bull market, and the real bull market phases.
“Bitcoin gives me the same excitement as it did 4 years ago.
2020-2021 cycle:
$3,000 → $9,000 (Recovery)
$9,000 → $19,000 (Bull Market to Prior ATH)
$20,000 → $68,000 (Real Bull Market)
2023-2024 Cycle:
$15,000 → $45,000 (Recovery)
$45,000 → $68,000 (Bull market to previous ATH)
$68,000 → ???? Dollar (Real bull market)”
#Bitcoin gives me the same vibe as 4 years ago.
2020-21:
$3K → $9K (Recovery)
$9K → $19K (Bull market to previous ATH)
$20K → $68K (The real bull market)2023-24:
$15K → $45K (Recovery)
$45K → $68K (Bull market to previous ATH)
$68K → $___K (The real bull market)— Ki Young Ju (@ki_young_ju) March 28, 2024
*This is not investment advice.
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