Market regime has switched to Bull for Bitcoin.
Basically all metrics are pointing to the initial phase of a new bull market.
Two things to keep in mind:
- Bitcoin's price still has to cross above its 365-day MA ($83K today) for the bull market to be "officially" confirmed.
- A price correction is possible given high unrealized gains after the recent price rally, and potential selling pressure from a spike of exchange inflows.
All in all, the data is very constructive.
Full analysis in our report: