Bitcoin recently crossed the $100,000 mark, a significant milestone in the cryptocurrency market. However, the digital currency struggled to maintain its gains, pulling back and raising questions about the sustainability of the current bull run.
Glassnode, a notable data provider, has revealed new insights into the market cycle. Unlike previous bull runs characterized by dramatic surges and subsequent crashes, the current cycle appears more restrained.
This indicates a more complex financial landscape where investors and analysts are cautious but also optimistic about Bitcoin's future trajectory and potential price targets for 2024.
Источник: coinpedia.org ↗