According to a CryptoQuant Quicktake post published earlier today, Bitcoin (BTC) may not have reached the peak of the current market cycle just yet. A key on-chain metric suggests that there could be one final leg up for the leading cryptocurrency before this bull market concludes. Bitcoin To Hit New Peak Soon? Data from CoinGecko shows that Bitcoin has dropped more than 23% since reaching its most recent all-time high (ATH) of $108,786, on January 8. The top digital asset has largely been affected by ongoing global macroeconomic uncertainties, particularly those related to US President Donald Trump’s new tariff policies. Related Reading: Analyst Identifies Key Bitcoin Demand Zone For ‘Substantial Gains’ – Details Despite the pullback, CryptoQuant contributor Crypto Dan believes Bitcoin may still have room to run. In a recent Quicktake post, he pointed to the ratio of BTC volume traded over a six to 12-month period as a crucial indicator of the current market cycle’s progression. This ratio reflects the amount of new capital entering the crypto market during the cycle and has historically been tightly co ..
Support the originator by clicking the read the rest link below.
