NewsBTC 2025-04-13 16:30:47

Bitcoin’s Last Drawdown To $74,000 A ‘Healthy Correction’ — Analyst Says Bull Cycle Is Still On

The price of Bitcoin has found its way back above the $85,000 mark, marking a huge success in the recovery from the coin’s latest slump toward $74,000. According to an on-chain analyst, this recent correction might not be as ominous as initially thought and could be part of a broader bull cycle. Can BTC Price Reach A New All-Time High In This Cycle? An analyst with the pseudonym ShayanBTC, in a Quicktake post on the CryptoQuant platform, shared fresh insights into the current Bitcoin market dynamics and the implications of the most recent price pullback. This evaluation is based on the Realized Cap of Unspent Transaction Output (UTXO) age bands, which analyzes the holding pattern of different investor cohorts. Related Reading: XRP Price To Hit $45? Here’s What Happens If It Mimics 2017 And 2021 Rallies The UTXO age bands metric tracks the average price at which Bitcoin holders purchased their coins compared to how long they’ve held the assets. In ShayanBTC’s latest analysis, the relevant age bands are the 3 – 6 months and 6 – 12 months cohorts. According to data from CryptoQuant, the percentage of coins held by this class of investors has been on a steady rise. ShayanBTC noted that this climb appears similar to the accumulation patterns observed during the prolonged correction in the summer months of 2024. The Quicktake analyst noted this pattern points to a “holding trend”, where the 3 – 6 months and 6 – 12 months investors are not offloading their assets despite the ongoing market correction. “As more coins move into the hands of long-term holders, the available circulating supply shrinks, increasing Bitcoin’s scarcity,” ShayanBTC added. From a historical standpoint, these supply constraints could be a positive catalyst for robust price rallies, especially when combined with fresh demand. According to ShayanBTC, this market dynamic could set the stage for price discovery and propel the Bitcoin price to new all-time highs. Furthermore, the Quicktake analyst believes that, with the current on-chain structure, there is a reduced likelihood that the Bitcoin market is currently at the start of a bear season. The ongoing drawdown instead seems to be a healthy correction within a broader bullish cycle. Bitcoin Price At A Glance The Bitcoin price appears to be building some bullish momentum, briefly crossing the $86,000 in the early hours of Sunday, April 13. As of this writing, the price of BTC stands at around $85,200, reflecting an over 2% increase in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by about 2% in the past seven days. Related Reading: Is Bitcoin Price Returning To $74,000? Analyst Identifies Pattern That Suggests So Featured image from iStock, chart from TradingView

La maggior parte ha letto le notizie

Crypto Degens Search for Next 'Ponzi Game' Af...
2025-04-16
Crypto Analyst Makes 59% Bearish Dogecoin Pro...
2025-04-16
Panama's capital to accept crypto for taxes,...
2025-04-16
BlackRock’s Bitcoin ETF Suggests Stability Am...
2025-04-16
WallStreet Insider Says Ripple’s XRP Price Is...
2025-04-16
OKX Relaunches in U.S. After $505M DOJ Settle...
2025-04-16
Last Chance Spotlight: Secure Your Exhibit Ta...
2025-04-16
Who is Selling Bitcoin (BTC)? Big Whales or S...
2025-04-16

https://www.digistore24.com/redir/325658/ceobig/

Notizie correlate

Dogecoin L2 Brewing: Timothy Stebbing Highlights F...
16 Apr 2025
Stablecoins' dominance due to limitations of US ba...
16 Apr 2025
Discover How Tether Dominates the Crypto Lending M...
16 Apr 2025
Arthur Hayes Says Chinese Capital Will Flow To Bit...
16 Apr 2025
Here’s Why Stellar (XLM) and Cardano (ADA) Look Re...
16 Apr 2025
Panama City to Accept Crypto for Public Services
16 Apr 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta