• Sat. Nov 9th, 2024

Bitcoin’s ‘Phase 2’ Bull Run Set to Explode – Is $100K in Sight?

Nov 9, 2024

Bitcoins Market Value Signals More Growth—Is $150K Near

The post Bitcoin’s ‘Phase 2’ Bull Run Set to Explode – Is $100K in Sight? appeared first on Coinpedia Fintech News

Bitcoin may be gearing up for a massive rally as it enters “Phase 2” of its historic bull run. On-chain data from CryptoQuant reveals a striking pattern similar to 2017, with long-term holders (LTHs) reversing their recent sell-off. This suggests fresh capital is flooding in, and Bitcoin could soon experience a second phase of explosive growth. As LTHs hold strong and the market heats up, experts are eyeing new all-time highs. With key metrics like the Binary Coin Days Destroyed (CDD) pointing toward another breakout, Bitcoin could be heading toward $100K sooner than we think.


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[Source: Coinpedia]

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