Bitcoin Bull Signal Hints at MASSIVE Price Surge: Are You Ready?

The post Bitcoin Bull Signal Hints at MASSIVE Price Surge: Are You Ready? appeared first on Coinpedia Fintech News

Recent on-chain data from CryptoQuant reveals a unique opportunity in the Bitcoin market that appears only once within a bull cycle. Miners’ profitability is showing patterns similar to those preceding significant price surges in past bull markets.

Could this indicate the end of the current correction period and the start of a new bull rally?

CryptoQuant’s analyst, Crypto Dan, highlights an important indicator that is typically used to find the bottom of a bear market. However, it also proves useful for predicting the end of correction periods within bull markets.

An opportunity that comes once within a bull cycle

“This indicator fell significantly during the bull cycle in 2016 and 2020, followed by the beginning of #Bitcoin's strong rise. Currently, similar movements have been detected.” – By @DanCoinInvestor

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