en.bitcoinsistemi.com
Bitcoin reached a new $ATH level in March, exceeding its previous $ATH of $69,000.
After this rise, $BTC experienced a correction to the $ 60,000 level, but $BTC later recovered again.
At this point, while investors' bullish expectations continue, a new post came from CryptoQuant CEO Ki Young Ju.
Pointing out that Bitcoin's current movements are similar to the previous bull cycle, the famous CEO said that $BTC entered the real bull market by breaking its previous $ATH.
Comparing Bitcoin's bullish cycle in 200-2021 with its current cycle, Ju said that Bitcoin's bullish cycle consists of recovery, breaking the $ATH in the previous bull market, and the real bull market phases.
“Bitcoin gives me the same excitement as it did 4 years ago.
2020-2021 cycle:
$3,000 → $9,000 (Recovery)
$9,000 → $19,000 (Bull Market to Prior $ATH)
$20,000 → $68,000 (Real Bull Market)
2023-2024 Cycle:
$15,000 → $45,000 (Recovery)
$45,000 → $68,000 (Bull market to previous $ATH)
$68,000 → ???? Dollar (Real bull market)”
#Bitcoin gives me the same vibe as 4 years ago.
2020-21:
$3K → $9K (Recovery)
$9K → $19K (Bull market to previous $ATH)
$20K → $68K (The real bull market)2023-24:
$15K → $45K (Recovery)
$45K → $68K (Bull market to previous $ATH)
$68K → $___K (The real bull market)— Ki Young Ju (@ki_young_ju) March 28, 2024
*This is not investment advice.