BTC Bull Market Could Peak This Quarter, But Here's Why It Could Go Higher
CryptoNewsTerminal Staff07 Jun, 2024
BTC Bull Market Could Peak This Quarter, But Here's Why It Could Go Higher
According to Block, Bitfinex predicted that "the BTC bull market cycle could peak this quarter (Q4)." Historically, BTC has rallied to new highs several months after a halving. Also, the MVRV (Market Value to Realized Value) indicator that tends to peak at 3.2 is currently at 2.56, suggesting more room to run. This cycle, BTC should at least reach and surpass $120,000, and investors should diversify beyond BTC into altcoins such as ETH.
