Is the Bitcoin bull run just starting?
His simplified price-cycle model projects a Bitcoin price of around $39,000 by the fourth quarter of 2023, and an optimistic prediction of $92,000 by the end of 2025, provided active entities surpass 600,000.
There is also a notable increase in on-chain activity, as evidenced by the rise in ordinal inscriptions and , a standard for tokens."Transactions are averaging 4x the 2021/22 average of 100,000 per day, despite a fading since the initial craze in the first quarter," Coutts explains, demonstrating the ongoing surge in Bitcoin use.Despite these positive trends, it is also worth noting that Bitcoin's volatility is currently at an all-time low, according to 0.34, according toAs of now, Bitcoin is changing hands at $29,032.47, with a modest 24-hour trading volume of $7.2 billion.
This period of low volatility might be seen as a welcome respite for investors after the roller coaster ride that Bitcoin has often been associated with. However, many investors also assume that this unprecedented period of calm will be followed by a huge storm.
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