Bitcoin Data Reveals Bulls Are Growing But Still Behind March 2024 Peak – Details 📈

Bitcoin has recently broken several all-time highs, surpassing the $82,000 mark, showcasing significant bullish momentum in the market. Despite the rapid rise, recent data suggests that Bitcoin still has room for growth compared to the March 2024 peak.

According to CryptoQuant, the number of bullish investors is increasing, and Bitcoin's resilience at new levels is capturing market sentiment. However, the current rally lacks the fervor seen in March 2024 when both retail and institutional interest peaked.

The current pace of accumulation by new investors is more modest, highlighting potential for further gains in Bitcoin's ongoing bullish cycle. This trend presents opportunities for investors as Bitcoin may continue to rise, potentially hitting new highs.

Bitcoin recently hit an all-time high of $82,000, with previous predictions considering this a local top. However, the price action suggests that there's still potential for continuation. A possible pullback to $77,000 could occur due to market technicalities, providing a base for further increases.

The dominant trend remains bullish, but volatility may occur as Bitcoin navigates this uncharted territory. Investors should watch how Bitcoin responds to these dynamics to assess ongoing upward momentum.