CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
BitcoinSistemi 2025-01-31 07:22:07

Is There Still Upside Potential in Bitcoin Price? Analysis Company Answers by Analyzing Previous Bulls

Leading cryptocurrency analytics firm Glassnode has published its latest assessment of Bitcoin’s market trends, noting structural similarities between the current bull market and the 2015-2018 cycle. According to Glassnode, Bitcoin’s price growth rate has slowed with each cycle, indicating increasing market maturity. The current bearish profile closely mirrors the 2015-2017 cycle, and historical patterns suggest the potential for an acceleration phase in the bull market at this stage relative to the lows of the cycle. The firm reports that BTC’s realized capital has grown 2.1x in the current cycle, below the peak of 5.7x in the last cycle but still in line with the growth seen during 2015-2018. Notably, the market has yet to experience the full impact of the euphoria phase, according to the analytics firm, suggesting further potential for expansion. Related News: Step by Step to XRP Spot ETF: New Move from Grayscale Glassnode notes that there has been a significant shift in Bitcoin’s supply dynamics, with exchange balances falling to 2.7 million BTC. This decline is largely attributed to Bitcoin being moved to ETF wallets, which are typically managed by custodians like Coinbase. The combined holdings of exchanges and ETFs have remained stable at around 3 million BTC, suggesting a shift in market structure rather than a supply shock. *This is not investment advice. Continue Reading: Is There Still Upside Potential in Bitcoin Price? Analysis Company Answers by Analyzing Previous Bulls

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.