Bitcoin reached a new ATH level in March, exceeding its previous ATH of $69,000.
After this rise, BTC experienced a correction to the $ 60,000 level, but BTC later recovered again.
At this point, while investors' bullish expectations continue, a new post came from CryptoQuant CEO Ki Young Ju.
Pointing out that Bitcoin's current movements are similar to the previous bull cycle, the famous CEO said that BTC entered the real bull market by breaking its previous ATH.
Comparing Bitcoin's bullish cycle in 200-2021 with its current cycle, Ju said that Bitcoin's bullish cycle consists of recovery, breaking the ATH in the previous bull market, and the real bull market phases.
“Bitcoin gives me the same excitement as it did 4 years ago.
2020-2021 cycle:
$3,000 → $9,000 (Recovery)
$9,000 → $19,000 (Bull Market to Prior ATH)
$20,000 → $68,000 (Real Bull Market)
2023-2024 Cycle:
$15,000 → $45,000 (Recovery)
$45,000 → $68,000 (Bull market to previous ATH)
$68,000 → ???? Dollar (Real bull market)”
*This is not investment advice.