Bitcoin Enters ‘Most Frustrating Phase,’ CryptoQuant Says: A Look At What’s To Come
Bitcoin (BTC) is currently navigating a trading range between $60,000 and $73,000, entering what analytics platform CryptoQuant describes as “the most frustrating phase in the cycle. ” According to a recent analysis by CryptoQuant contributor MorenoDV, Bitcoin finds itself in a period characterized by heightened uncertainty, with market signals indicating more hesitation than firm conviction. Bear Market Signals Three key on-chain metrics point to a psychologically challenging phase for market participants, specifically Apparent Demand, the CryptoQuant Bull Market Cycle Indicator, and the Long-Term Holder SOPR. Related Reading: Ripple Launches $750 Million Share Buyback, Boosting Valuation To $50 Billion After the most recent sell-off, Apparent Demand initially showed signs of recovery, suggesting that opportunistic buyers were stepping in to capitalize on the recent price drop
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