Bitcoin’s market is ablaze with excitement as investors eagerly watch its behavior, which appears to be signaling a prolonged period of growth.
The recent release of the U.S. Consumer Price Index, which came in at a lower-than-expected 0.3% for April, has ignited a surge of confidence among investors. This surge has catapulted the price of Bitcoin to a staggering $67K, representing an impressive 7% jump.
As the world of cryptocurrency continues to evolve, all eyes are on Bitcoin’s market cap and its growth compared to its realized cap. According to industry expert and CEO of CryptoQuant, Ki Young Ju, the current trend is pointing towards a powerful bullish period. Ju boldly predicts that this bullish phase could last well into April 2025.
Bull Run Has Began
According to a recent tweet by Ki Young Ju, the market cap of this cryptocurrency is skyrocketing at an incredible rate, surpassing its realized capitalization. This means that the value of all Bitcoin, based on their most recent transaction prices, is giving us a fascinating glimpse into the economic activity of the market.
Throughout the ages, the rise of market capitalization has been a powerful indicator of market momentum, especially during bull cycles. This phenomenon has been deeply ingrained in the historical patterns of Bitcoin, making it a thrilling and dynamic force to be reckoned with.
Experience has shown us that during previous bull cycles, a fascinating phenomenon has occurred. The growth of market capitalization has outpaced the growth of realized capitalization, signaling a powerful surge in the market and a surge in investor trust.
And if history repeats itself, it’s a promising sign that our current bull run, which is already in full swing, could stretch on for another exhilarating year and a half.
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End Of Bull Run
Buckle up, investors and market watchers, because the current trend is in full swing and Ki has some predictions for you. Brace yourselves, because if this pattern continues, the bull cycle could come to a close by April 2025. But don’t panic just yet, as this timeline is just a rough estimate for you to chew on while you strategize your investments and get ready for potential market shake-ups.