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Bitcoin: 3 reasons why BTC's bull run may already be underway

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Aug 12, 2024 pm 12:29 PM

bitcoin Whales

Analysts predict that the Bitcoin market cycle is about to start - there are several reasons why this could happen soon.

Bitcoin: 3 reasons why BTC's bull run may already be underway

Bitcoin price has been trending upwards lately, and some analysts believe this marks the lowest point of the cycle. Meanwhile, the total amount of Bitcoin in new wallets reached 1.9 million BTC.

Also, the MVRV Z-Score is currently hovering below 2, indicating that Bitcoin is still in the undervalued zone. This suggests that the peak is yet to come and investors and traders could realize significant gains in the fourth quarter of 2024.

Finally, MicroStrategy's BTC at the time of article writing is 137億4000万ドルで、BTCの将来に強いコミットメントを示している。同社は株式が過去4年間で995％上昇し、Bitcoinの長期的なポテンシャルに多大な賭けを行っている。

この投資戦略は、長期的な利益のためにBitcoinが素晴らしい選択肢となり得る理由を浮き彫りにしている。同社の大胆な動きを見守ることは、まるで経済ドラマをリアルタイムで目撃しているかのようだ。

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Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...