Bitcoin Has “Plenty Of Time” Remaining In Bull Cycle, IntoTheBlock Explains Why
Summary
IntoTheBlock's analysis of Bitcoin long-term holder (LTH) patterns suggests that the current bull market may not be over. LTHs, who hold coins for over a year, are typically resistant to selling, but recent data shows a selloff initiated by these investors. The trend of LTH holdings aligns with previous bull runs, indicating that there may still be ample time left in the current cycle. As of now, Bitcoin is trading at around $64,400, up over 1% in the past week.
