Bitcoin (BTC) Price Has Not Peaked Yet, According to This Metric

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.

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., which said that the cryptocurrency market has not yet reached the peak of the current bull cycle. Their assessment focuses on the number of active Bitcoin addresses, a crucial metric for gauging investor activity.

Currently, with the number of active addresses suggesting the market is in the midst of a bull cycle, it’s evident that the peak hasn’t yet been reached.

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