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Bitcoin Still in Bull Phase But Far From Euphoric Peaks: Bitfinex Alpha
As the price of Bitcoin continues to soar, analysts at Bitfinex have issued a report stating that the asset is still very much within its bull phase, but far from reaching euphoric peaks. Despite the cryptocurrency’s impressive 573% gain since its bear market lows in November 2022 and its year-to-date increase of 130%, the market remains on track to reach unprecedented heights.
According to historical data cited by Bitfinex analysts, the crypto market is currently in the middle of a bull phase that may peak in Q3 or Q4 2025. The report highlights that this latest rally has been fueled by strong institutional demand, spot accumulation, and consistent purchases by Bitcoin exchange-traded funds (ETFs).
Source: cryptopotato.com
