Bitget App
Trade smarter
Bitcoin price is approaching the red warning zone, and the "crazy bull market" may be on the way
CryptoChan2024/11/19 06:59
By:CryptoChan
According to the latest on-chain analysis data, the price of Bitcoin (BTC) is gradually approaching the upper limit of the red ribbon calculated based on the tradable supply and active level (Liquid Supply Liveliness) on the chain. This red area usually reflects the upper limit of chip cost at the end of the bull market. Historical data shows that during the mad bull stage, the market trading price may touch or even break through this area. This signal suggests that BTC may enter the climax of the bull market.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ‘bear market’ confirmed: Watch these BTC price levels next
Cointelegraph•2025/11/05 17:15
Bitcoin price rebound stops at $103K with 30% of BTC supply 'underwater'
Cointelegraph•2025/11/05 17:15
Ethereum erases its 2025 gains: Is ETH price headed to $2.2K next?
Cointelegraph•2025/11/05 17:15
Is dropping below $100,000 just the beginning? Bitcoin "whales" have dumped $4.5 billions in one month, and the sell-off may continue until next spring
This wave of sell-offs may continue until next spring, and bitcoin could further drop to 85,000 dollars.
ForesightNews•2025/11/05 16:42
