The post Bitcoin Bull Cycle Begins, Indicators Signal Further Gains appeared first on Coinpedia Fintech News
As history shows, crypto bull markets often start with a surge in Bitcoin dominance. Currently, BTC dominance stands strong at just over 56%, suggesting we’re in the early stages of this bull cycle. The Bitcoin market value to realized value (MVRV Z) score, which compares the current market value to historical averages, usually peaks around six during cycle tops. The current score below three indicates we’re far from reaching the peak.
Bitcoin is trading at $67,620 with an intraday gain of 1.45%, suggesting more upside potential. The indicators are clear: the Bitcoin bull run is just starting, promising an exciting journey for traders and investors alike.
