Bitcoin price is approaching the red warning zone, and the "crazy bull market" may be on the way
CryptoChan2024/11/19 06:59
By:CryptoChan
According to the latest on-chain analysis data, the price of Bitcoin (BTC) is gradually approaching the upper limit of the red ribbon calculated based on the tradable supply and active level (Liquid Supply & Liveliness) on the chain. This red area usually reflects the upper limit of chip cost at the end of the bull market. Historical data shows that during the mad bull stage, the market trading price may touch or even break through this area. This signal suggests that BTC may enter the climax of the bull market.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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