VictoriaPark
Markets··1 min read

Bitcoin enters ‘initial phase’ of new bull market, but $83K remains key: CryptoQuant

CryptoQuant reports that Bitcoin's 24% rally has turned key market indicators bullish, marking the initial phase of a new bull market. However, a potential rise in profit-taking could lead to short-term volatility around the $83K level.

Bitcoin enters ‘initial phase’ of new bull market, but $83K remains key: CryptoQuant
Image: Cointelegraph

CryptoQuant reports that Bitcoin's 24% rally has turned key market indicators bullish, marking the initial phase of a new bull market. However, a potential rise in profit-taking could lead to short-term volatility around the $83K level.

Sources

  • Cointelegraph — Bitcoin enters ‘initial phase’ of new bull market, but $83K remains key: CryptoQuant

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