Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Bitcoin bull market process analysis: the current trend or imply the remaining 4-7 months of bull market cycle

Bitcoin bull market process analysis: the current trend or imply the remaining 4-7 months of bull market cycle

CryptoChan2024/11/29 04:11
By:CryptoChan
According to CryptoChan's latest chart, the remaining period of the Bitcoin bull market may be between 4-7 months.
 
As shown in the figure, the BTC price (upper indicator) has shown an upward trend in the past few months, while the proportion of long-term holders' chips below has also shown a significant increase. The continuous increase in the proportion of long-term holders usually means that the market supply is tightening, which provides support for the rise in Bitcoin price. From historical data, the bull market cycles in 2017 and 2021 also showed similar trends.
 
After comprehensive analysis, this change in chip distribution may be the key to the bull market process, indicating that the Bitcoin price may continue to rise in the coming months until it reaches the end of the cycle.
Bitcoin bull market process analysis: the current trend or imply the remaining 4-7 months of bull market cycle image 0
2
2

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.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Will Musk Face "Reckoning" After the Election? Deutsche Bank: The Tighter the Hashpower, the More Profitable SpaceX; Political Risks Are Overestimated

Deutsche Bank believes that SpaceX's political risks are overestimated by the market—its core contracts are signed by federal executive agencies, congressional intervention is extremely limited, and there are no substitute suppliers in most business areas. The most immediate risk comes from the Texas governor-elect's tough stance on data centers, but tightening compute power supply might actually enhance SpaceX's pricing power and revenues.

华尔街见闻•2026/11/08 12:06
Will Musk Face "Reckoning" After the Election? Deutsche Bank: The Tighter the Hashpower, the More Profitable SpaceX; Political Risks Are Overestimated

After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over

As the Nasdaq falls into a correction zone, Cathie Wood ("Sister Wood") stated that the prevailing market anxiety actually makes her more confident in the continuation of the bull market. She attributes this correction to pressures in the bond market and controversies over AI capital expenditures, but emphasizes that the technological revolution is still ongoing. She also revealed that ARK has used the opportunity to increase its holdings in high-conviction positions such as SpaceX, and expects the stock market to perform well through 2027.

华尔街见闻•2026/11/08 09:41
After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over