Bitcoin Poised for a Breakthrough: Anticipating the Next Bull Run

Main Idea
Swissblock analysis suggests Bitcoin is poised for a potential breakout despite current negative momentum, with strong fundamentals and investor behavior indicating a possible upcoming bull run.
Key Points
1. Swissblock notes a stalling momentum in Bitcoin before any rally, attributed to increased profit-taking activities rather than panic selling.
2. Analysts observe that 96% of Bitcoin supply is in profit, indicating strong investor presence but potential unrealized gains at every uptrend.
3. Bitcoin's Fundamental Index (BFI) holds at 60, showing a neutral stance with recovering liquidity despite slowing network growth.
4. Bitcoin was trading at $114,747 at the time of reporting, marking a 3% decline over the past 24 hours.
5. Swissblock suggests that if momentum shifts, Ethereum and other altcoins might surge rapidly while Bitcoin moves sideways.
Description
Bitcoin's current stagnation may soon end, potentially leading to a new market rally. Moderate profit-taking indicates less panic selling, supporting a stable market environment. Continue Reading: Bitcoin Poised for a Breakthrough: Anticipating the Next Bull Run The post Bitcoin Poised for a Breakthrough: Anticipating the Next Bull Run appeared first on COINTURK NEWS .
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