Bitcoin’s activity stagnates despite price uptrend: Here’s why

The market was still transitional at the time of writing, suggesting that further developments are needed before a sustained upward trend could be established.market phases were easy to assess based on their duration to gain insights into what lies ahead. We could establish a benchmark by examining the number of days spent in bull markets, bear markets, and transitional periods.

The transitional phase is measured from a cycle’s all-time low until a new all-time high is reached. Assuming that the lows experienced in November 2022 remain intact, it can be argued that the market has been in a transitional period for 227 days. Historical data indicates that previous transitional periods lasted between 459 and 770 days, suggesting that investors may need to exercise patience for an average of 8 to 18 months until a new market ATH.

Source: News Formal (newsformal.com)

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