TechFlow news, CryptoQuant report shows that the Bitcoin bull market has not ended, with relatively low investment inflows from new investors and price valuation metrics still below previous market peak levels.
48% of Bitcoin investments come from short-term holders, a level similar to mid-2019. The CryptoQuant Profit/Loss Index indicates that the market has not yet reached its top zone but is poised to enter a bull market. Additionally, the upcoming Bitcoin halving event is seen as a key factor supporting Bitcoin's price.
Standard Chartered forecasts that Bitcoin could reach $150,000 in 2024 and hit a cycle high of $250,000 in 2025.
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