Home web3.0 Bitcoin: 3 reasons why BTC's bull run may already be underway

Bitcoin: 3 reasons why BTC's bull run may already be underway

Aug 12, 2024 pm 12:29 PM
bitcoin Whales

Analysts predict that the Bitcoin market cycle is about to start - there are several reasons why this could happen soon.

Bitcoin: 3 reasons why BTC's bull run may already be underway

Bitcoin price has been trending upwards lately, and some analysts believe this marks the lowest point of the cycle. Meanwhile, the total amount of Bitcoin in new wallets reached 1.9 million BTC.

Also, the MVRV Z-Score is currently hovering below 2, indicating that Bitcoin is still in the undervalued zone. This suggests that the peak is yet to come and investors and traders could realize significant gains in the fourth quarter of 2024.

Finally, MicroStrategy's BTC at the time of article writing is 137億4000万ドルで、BTCの将来に強いコミットメントを示している。同社は株式が過去4年間で995%上昇し、Bitcoinの長期的なポテンシャルに多大な賭けを行っている。

この投資戦略は、長期的な利益のためにBitcoinが素晴らしい選択肢となり得る理由を浮き彫りにしている。同社の大胆な動きを見守ることは、まるで経済ドラマをリアルタイムで目撃しているかのようだ。

The above is the detailed content of Bitcoin: 3 reasons why BTC's bull run may already be underway. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross Nov 20, 2024 am 10:28 AM

Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross

Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen Nov 20, 2024 am 03:20 AM

Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen

Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges Nov 20, 2024 am 11:21 AM

Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges

Bitcoin (BTC) Exchange Reserves Drop to November 2018 Lows, Raising Liquidity Concerns Bitcoin (BTC) Exchange Reserves Drop to November 2018 Lows, Raising Liquidity Concerns Nov 17, 2024 am 09:58 AM

Bitcoin (BTC) Exchange Reserves Drop to November 2018 Lows, Raising Liquidity Concerns

Could Bitcoin (BTC) Price Hit $100k This Month? Here's What the Charts Say Could Bitcoin (BTC) Price Hit $100k This Month? Here's What the Charts Say Nov 19, 2024 am 09:34 AM

Could Bitcoin (BTC) Price Hit $100k This Month? Here's What the Charts Say

Whale Activity Sparks Concern Over Shiba Inu (SHIB) Market Dynamics Whale Activity Sparks Concern Over Shiba Inu (SHIB) Market Dynamics Nov 20, 2024 am 04:18 AM

Whale Activity Sparks Concern Over Shiba Inu (SHIB) Market Dynamics

Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic Nov 19, 2024 pm 09:36 PM

Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic

When Will All Bitcoins Be Mined? Exploring the Finite Supply and Impacts of the Cryptocurrency When Will All Bitcoins Be Mined? Exploring the Finite Supply and Impacts of the Cryptocurrency Nov 17, 2024 am 01:26 AM

When Will All Bitcoins Be Mined? Exploring the Finite Supply and Impacts of the Cryptocurrency