A bull market is characterized by a phase in which investor demand surpasses the available supply, leading to heightened market confidence and upward price movements.
While the ongoing bull market has shown considerable promise, its peak has yet to be reached, according to some on-chain metrics.
Bull Market Still in Full Swing
Bitcoin is currently trading at $67,500, reflecting an increase of over 205% in the last twelve months. However, according to experts, it appears that we are still in the initial stages of the Bitcoin bull market, which is anticipated to extend well into 2025.
In addition to the excitement surrounding the introduction of spot ETFs this year, the upcoming halving event, known to trigger further price appreciation historically, is further bolstering the ongoing bullish trend.
A similar sentiment was echoed by CryptoQuant in its latest analysis, which said that the cryptocurrency market has not yet reached the peak of the current bull cycle. Their assessment focuse
We współpracy z: https://cryptopotato.com/bitcoin-btc-price-has-not-peaked-yet-according-to-this-metric/
