Analysts predict that the Bitcoin market cycle is about to start - there are several reasons why this could happen soon.
There was massive liquidation above $72K, as MicroStrategy completed a stock split.market cycle has hit a new low. Alongside, the percentage of Bitcoin in profit also dropped to its lowest since October 2023.
So, the market has cooled off from overheated levels to yearly lows, but at double the previous price. This phase in the Bitcoin market cycle aligns with typical patterns seen in past cycles. This suggests that the next Bitcoin market cycle could begin soon, as the price approaches the critical $72K resistance level.
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