{"id":36109,"date":"2024-02-14T16:52:55","date_gmt":"2024-02-14T20:52:55","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=36109"},"modified":"2024-02-14T16:52:55","modified_gmt":"2024-02-14T20:52:55","slug":"these-developments-show-that-the-bitcoin-bullish-momentum-is-far-from-over","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/14\/these-developments-show-that-the-bitcoin-bullish-momentum-is-far-from-over\/","title":{"rendered":"These Developments Show That The Bitcoin Bullish Momentum Is Far From Over"},"content":{"rendered":"

Crypto analyst Ali Martinez<\/a> has provided insights suggesting that the Bitcoin bullish momentum is just starting. Based on this, the flagship crypto token is still likely to keep hitting new highs before the peak of the imminent bull run<\/a>.\u00a0<\/p>\n

Market Sentiment Suggests More Gains Ahead For Bitcoin<\/h2>\n

In an X (formerly Twitter) post<\/a>, Martinez revealed how long-term BTC holders<\/a> go through a \u201ccycle of emotions\u201d during a bullish period. These investors usually start with capitulation<\/a> before \u201cprogressing through hope, optimism, and belief.\u201d This capitulation phase is when these BTC bulls succumb to the bears, with the Bitcoin bottom<\/a> coming at some point.\u00a0\u00a0<\/p>\n

The crypto analyst also noted that these BTC holders experience \u201ca brief period of anxiety\u201d even after the belief phase, which leads to a price correction. However, the market again re-enters a phase of belief after then, which signals potential further gains ahead, Martinez added.\u00a0<\/p>\n

The crypto analyst claims the market has \u201cjust merged from a period of anxiety and has re-entered a new phase of belief.\u201d He further stated that this suggests the market will likely witness more momentum for Bitcoin before reaching the \u201cpeak of euphoria that characterizes the end of the bullish cycle.\u201d<\/p>\n

Going by Martinez\u2019s analysis, there are still new highs for BTC. There is also every likelihood that Bitcoin will surpass its all-time high (ATH) of $68,000. The crypto token has consistently surpassed its previous ATH<\/a> in every bull run. Interestingly, this always happens months after the Bitcoin Halving<\/a> takes place.\u00a0<\/p>\n

That is why it is no surprise that the BTC Halving is again predicted<\/a> to be the event that will fully kickstart the next bull run.\u00a0<\/p>\n

BTC Expected To See Influx Of New Investors<\/h2>\n

In a subsequent X post<\/a>, Ali Martinez highlighted how Bitcoin<\/a> is far from obtaining peak popularity among the general populace. This is based on a Google Search Trends metric, which shows how popular a term like \u2018Bitcoin\u2019 is. Currently, BTC is said to have a score of 18, meaning that it hasn\u2019t even reached \u201cmid-popularity.\u201d<\/p>\n

The silver lining in this data is that it shows how much more investors Bitcoin could see in the next bull run. Moreover, introducing\u00a0the Spot Bitcoin ETFs<\/a> is believed to be perfect timing as these funds could contribute to onboarding the next generation of Bitcoin holders into the crypto space.\u00a0<\/p>\n

A search engine like Google could also have a role to play when these investors become interested in the flagship crypto token. Thankfully, the platform has already blessed\u00a0the advertisement of crypto-related funds, meaning it will be easy for these users to invest when the time comes.\u00a0\u00a0<\/p>\n

At the time of writing, BTC trades at around $51,400, up over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

Cover image from Dall-E, Chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Crypto analyst Ali Martinez<\/a> has provided insights suggesting that the Bitcoin bullish momentum is just starting. Based on this, the flagship crypto token is still likely to keep hitting new highs before the peak of the imminent bull run<\/a>.\u00a0<\/p>\n

Market Sentiment Suggests More Gains Ahead For Bitcoin<\/h2>\n

In an X (formerly Twitter) post<\/a>, Martinez revealed how long-term BTC holders<\/a> go through a \u201ccycle of emotions\u201d during a bullish period. These investors usually start with capitulation<\/a> before \u201cprogressing through hope, optimism, and belief.\u201d This capitulation phase is when these BTC bulls succumb to the bears, with the Bitcoin bottom<\/a> coming at some point.\u00a0\u00a0<\/p>\n

The crypto analyst also noted that these BTC holders experience \u201ca brief period of anxiety\u201d even after the belief phase, which leads to a price correction. However, the market again re-enters a phase of belief after then, which signals potential further gains ahead, Martinez added.\u00a0<\/p>\n

The crypto analyst claims the market has \u201cjust merged from a period of anxiety and has re-entered a new phase of belief.\u201d He further stated that this suggests the market will likely witness more momentum for Bitcoin before reaching the \u201cpeak of euphoria that characterizes the end of the bullish cycle.\u201d<\/p>\n

Going by Martinez\u2019s analysis, there are still new highs for BTC. There is also every likelihood that Bitcoin will surpass its all-time high (ATH) of $68,000. The crypto token has consistently surpassed its previous ATH<\/a> in every bull run. Interestingly, this always happens months after the Bitcoin Halving<\/a> takes place.\u00a0<\/p>\n

That is why it is no surprise that the BTC Halving is again predicted<\/a> to be the event that will fully kickstart the next bull run.\u00a0<\/p>\n

BTC Expected To See Influx Of New Investors<\/h2>\n

In a subsequent X post<\/a>, Ali Martinez highlighted how Bitcoin<\/a> is far from obtaining peak popularity among the general populace. This is based on a Google Search Trends metric, which shows how popular a term like \u2018Bitcoin\u2019 is. Currently, BTC is said to have a score of 18, meaning that it hasn\u2019t even reached \u201cmid-popularity.\u201d<\/p>\n

The silver lining in this data is that it shows how much more investors Bitcoin could see in the next bull run. Moreover, introducing\u00a0the Spot Bitcoin ETFs<\/a> is believed to be perfect timing as these funds could contribute to onboarding the next generation of Bitcoin holders into the crypto space.\u00a0<\/p>\n

A search engine like Google could also have a role to play when these investors become interested in the flagship crypto token. Thankfully, the platform has already blessed\u00a0the advertisement of crypto-related funds, meaning it will be easy for these users to invest when the time comes.\u00a0\u00a0<\/p>\n

At the time of writing, BTC trades at around $51,400, up over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

Cover image from Dall-E, Chart from Tradingview<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-36109","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=36109"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36109\/revisions"}],"predecessor-version":[{"id":36115,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36109\/revisions\/36115"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36109"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}