Crypto Dan
Bitcoin Enters Strong Bull Zone
Bitcoin has reached near its all-time high, touching $65,000. The cryptocurrency market broke out of the bottom in January 2023 and transitioned into a bull market, and as of March 2024, it is currently staying in the Strong Bull Zone (white), which was seen in the middle of past bull markets. From this point on, it is likely that new investors will begin to flow in large numbers. However, most new investors come in quickly near the peak in the latter part of the bull market, and it can be expected that Bitcoin will still have upside potential until that point. *Strong Bull Zone: This is a zone in which the proportion of Bitcoin currently suffering losses is very low. Generally, in a full-fledged bull market, it stays in this zone for about 6 months to 1 year.