Bitcoin price in ‘late’ maturity phase: Is the bull market close to ending?
Bitcoin onchain data and the length of BTC’s previous market cycles suggest the current bull phase is coming to an end.
Key takeaways:
BTC’s 700% rally from $15,500 to $124,500 suggests a market top in 2 to 3 months, based on past cycles.
Bitcoin supply in profit has been elevated for 273 days, signaling a potential cycle peak soon.
