CandleFocus

CryptoQuant Analyses Reveal Two Signals That Will Show When the Bitcoin Bull Run is Over

CryptoQuant analysts believe that the Bitcoin bull run is still ongoing due to two major signals. Firstly, institutional demand for Bitcoin through exchange-traded funds (ETFs) and MicroStrategy's continued Bitcoin purchases indicate that the bull run is likely to continue as long as these buying activities remain strong. Secondly, the inflows into Bitcoin ETFs and new capital inflows into Bitcoin suggest that the market is still in a bullish phase. However, analysts also caution traders to exercise caution and monitor certain indicators that could signal the end of the bull run, such as a surge in new investors and a decline in the UTXO Age Bands for less than six months. From a technical analysis perspective, a Bitcoin megaphone pattern suggests a potential rally toward $271,000. At present, Bitcoin is trading around the $105,000 level and remains above the $100,000 psychological barrier.

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