“Golden Bull Rally” for Bitcoin and BlockDAG Network: Analysts Share Their Insights

A new term, “Golden Bull Rally” refers to the current phase of significant upward momentum in the cryptocurrency market, driven primarily by heightened investor interest, technological advancements, and favorable market conditions. This rally is characterized by substantial price increases across major cryptocurrencies such as Bitcoin andBitcoin has historically been characterized by intense volatility and significant price swings.

The re-accumulation phase is characterized by consistent testing of the upper bounds of the price bracket, often resulting in brief spikes that fail to sustain higher levels. Traditionally, Bitcoin undergoes a consolidation period of approximately 150-160 days following a halving event before a significant breakout occurs. Given that we are only two months beyond the latest halving, it is not surprising that Bitcoin has yet to break past its range peaks.

Additionally, spot Bitcoin ETFs have not been performing as expected, reflecting BTC’s struggles. Despite these challenges, the market is seeing a surge in activity, with Bitcoin’s 24-hour trading volume reaching $31.2 billion, an increase of 89.87%.BlockDAG Network is now a significant player in the crypto space and is globally known for its success in innovative approaches to blockchain technology.

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