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Title: Is Bitcoin’s Bull Market Just Getting Started? This Crucial Metric Says So (Details)
It has been a tumultuous few weeks for the cryptocurrency market, with many wondering if the bull run of Bitcoin is finally coming to an end. However, according to a crucial metric pointed out by crypto analyst Ali Martinez, the bearish sentiments may be premature.
Following Bitcoin’s massive surge to almost $110,000 in January and subsequent crash below $75,000 last week, it seems that many are jumping on the bandwagon, calling for the bull market to come to an end. Nevertheless, historical analysis suggests this drop is only a natural correction within the larger uptrend.
As explained by Martinez, a pattern of substantial corrections has emerged throughout Bitcoin’s history, where prices have consistently recovered after such dips. This corrective phase is not unusual and doesn’t necessarily indicate a top in the market yet.
But, one crucial metric that many may overlook stands out as a contrary opinion – retail activity. A study of Google search trends and trading frequency reveals that there has been no significant surge in new investors entering the market at this point.
Source: https://cryptopotato.com/is-bitcoins-bull-market-just-getting-started-this-crucial-metric-says-so-details/
