Bitcoin Poised for a Breakthrough: Anticipating the Next 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.