{"id":26514,"date":"2025-01-17T23:34:17","date_gmt":"2025-01-17T23:34:17","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=26514"},"modified":"2025-01-17T23:34:17","modified_gmt":"2025-01-17T23:34:17","slug":"bitcoin-bull-market-thrives-new-research-reveals","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-bull-market-thrives-new-research-reveals\/","title":{"rendered":"Bitcoin Bull Market Thrives, New Research Reveals"},"content":{"rendered":"\n

Concerns about Bitcoin’s fluctuations have risen among crypto investors, as its price recently bounced between over $100,000 and dipped below $90,000.<\/p>\n

Despite the price swings, a prominent crypto analytics service maintains that Bitcoin’s bullish market phase is still active, emphasizing that the recent volatility does not signal the end of its upward trend.<\/p>\n

<\/span>Bitcoin Continues to Show Bullish Signs<\/span><\/h2>\n

A reputable analytics platform asserts that Bitcoin is still in a bullish market<\/a>, even after facing price corrections.<\/p>\n

Glassnode highlighted in its latest report several indicators that suggest Bitcoin’s bull market remains strong.<\/p>\n

<\/p>\n

According to Glassnode, “Bitcoin has entered a correction phase and is currently 11.1% below the all-time high of $108k. However, the current price is still above several critical support levels, implying that the bullish market framework is holding strong for now.”<\/p>\n

The platform also noted minimal distress in the crypto market, given the minor unrealized losses reported by investors.<\/p>\n

\"\"<\/p>\n

<\/span>Analyzing Market Dynamics<\/span><\/h2>\n

The analytics firm employed the MVRV Z-score, refined using a one-year rolling window, to assess whether Bitcoin is in a short-term bullish or bearish phase.<\/p>\n

\n\u201cThe results indicate we are still in bullish territory, although it’s crucial to monitor the Short-Term Holder cost basis, which is $88.4k for maintaining positive market sentiment,\u201d the firm added.\n<\/p><\/blockquote>\n

Glassnode explained that MVRV measures Bitcoin’s market value against its last movement price, helping to identify extreme pricing trends and historical averages.<\/p>\n

\"\"<\/p>\n

When Will Bitcoin Reach Its Peak?<\/p>\n

In their findings, Glassnode suggested that Bitcoin might peak at 2 standard deviations above the average price, remaining bullish as long as it stays above this average.<\/p>\n

They clarified that trading below the mean and near 1.5 standard deviations indicates a bearish phase for Bitcoin.<\/p>\n

The mean MVRV Z-score sits at $91,000, with predictions stating that if Bitcoin reaches 2 standard deviations above this figure, it would hit $113,000; conversely, 1.5 standard deviations below would line up with $75,000.<\/p>\n

Thus, the analytics firm concludes that at $99,000, Bitcoin is still viewed as being in bullish territory.<\/p>\n

As of the latest update, Bitcoin’s price stands at $102,242<\/a>, with a market capitalization exceeding $2 trillion.<\/p>\n

Image credit: Techpoint Africa, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Concerns about Bitcoin’s fluctuations have risen among crypto investors, as its price recently bounced between over $100,000 and dipped below $90,000. Despite the price swings, a prominent crypto analytics service maintains that Bitcoin’s bullish market phase is still active, emphasizing that the recent volatility does not signal the end of its upward trend. Bitcoin Continues […]<\/p>\n","protected":false},"author":14,"featured_media":26515,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Bull Market Thrives, New Research Reveals - Bitrabo","description":"Concerns about Bitcoin's fluctuations have risen among crypto investors, as its price recently bounced between over $100,000 and dipped below $90,000. Despite t"},"footnotes":""},"categories":[316],"tags":[5065,448,503,2676,11392,496,1078],"class_list":["post-26514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-alive","tag-bitcoin","tag-bull","tag-confirms","tag-kicking","tag-market","tag-study"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/26514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=26514"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/26514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/26515"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=26514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=26514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=26514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}