Bitcoin (BTC) has displayed a rather unusual picture from a broader outlook, with the daily active addresses failing to mirror its price. Santiment da
, slated for around April 2024, barely seven months out. The event is likely to trigger a new phase of bullish momentum for BTC, surpassing the peak prices recorded in the previous cycle and potentially recording a new all-time high.As indicated in the chart above, every cycle is followed by renewed yearlong bullishness, with Bitcoin price recording a new all-time high, before another yearlong bear market follows.
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