4 hours ago
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BULLISH 📈 : Bitcoin Network Growth Hits Levels Seen Before 2021 Surge
Bitcoin's on-chain fundamentals suggest a potential bullish phase similar to early 2021. Key points include:
- Network Growth and Liquidity are at levels seen before Bitcoin's historic rally.
- Current metrics show recovery, indicating a possible final bullish surge.
- Despite a 16% decline since January 28, BTC rebounded from $74,600 to $78,300.
- Social sentiment is highly negative, often preceding relief rallies.
Market analysis by The Milk Road foresees:
- A potential 40% gain in Bitcoin price, despite possible corrections of -20% to -77%.
- The next major market pivot expected between November 19 and February 2.
- A possible rally to $104,000 post-pivot, aligning with previous cycle behaviors.
