Data: Bitcoin Bull Run May Be Less Than One-Quarter Complete

bitcoin puell multiple 1 980x453

Bitcoin price continues to struggle with resistance above $60,000, but data suggests it is refueling for a much larger move higher. In fact, the same data could point to the current bull run only being roughly one-quarter or less of the way through to completion. There’s also a chance that the cryptocurrency bull run is only just getting started, making potential targets as high as $400,000 per coin when it is all said and done. Bitcoin Building Solid Technical Base Around $50,000 to $60,000 Right on schedule – according to its regularly scheduled halvings – Bitcoin is back in full bull mode. Within a year, the cryptocurrency climbed from $4,000 to more than $60,000 per coin. But once it got to that local high, the leading cryptocurrency by market cap has now spent several weeks below the now strong resistance level. At the same time, price action has failed to…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE