Bitget App
Trade smarter
Bitcoin chain data suggests that the bull market has less than 300 days left, and history may repeat three major pullbacks

Bitcoin chain data suggests that the bull market has less than 300 days left, and history may repeat three major pullbacks

CryptoChan2024/12/02 03:24
By:CryptoChan
According to Cryptochan's latest on-chain data analysis, the proportion of BTC that has not moved for 6-12 months (weighted by Realized Cap, 7-day MA) has recently reached the mid-term peak of the bull market. This indicator indicates that the remaining time of the bull market in 2016 and 2020 is about one year.
 
Specific data comparison:
The peak of the bull market mid-term indicator in 2016 is 354 days away from the end of 2017.
The peak of the 2020 bull market mid-term indicator is 352 days away from the bull peak in the first half of 2021.
It has been 57 days since the peak of the 2024 bull market mid-term indicator, indicating that the bull market may enter a critical stage of less than 300 days.
It is worth noting that Bitcoin prices have experienced three significant pullbacks during similar periods in history (indicated by the blue arrows in the figure). Investors need to be vigilant about market volatility risks and carefully plan investment strategies to cope with possible pullbacks.
*
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Crypto Enthusiasts React Strongly as ECB’s Digital Euro Project Progresses Further

Concerns Rise Over Privacy Protections and Democratic Oversight as ECB's Digital Euro Enters Pilot Phase

Coineagle2025/11/02 01:06
Crypto Enthusiasts React Strongly as ECB’s Digital Euro Project Progresses Further

From LRT Protocol to Decentralized Infrastructure Provider: How Does Puffer Align with the Ethereum Ecosystem?

Puffer has consistently adhered to principles aligned with Ethereum in its design and product evolution, demonstrating support for Ethereum's long-term vision.

ChainFeeds2025/11/02 01:03
From LRT Protocol to Decentralized Infrastructure Provider: How Does Puffer Align with the Ethereum Ecosystem?

Awakening 26-Year-Old Dormant Code: Is x402 a Bridge Between Web2 and Web3, a Technological Singularity or a Meme Frenzy?

This "reactivation" of the underlying internet protocol standards—can it become the key to bridging the gap between "convenience" and "openness"?

Bitget Wallet2025/11/02 00:53
Awakening 26-Year-Old Dormant Code: Is x402 a Bridge Between Web2 and Web3, a Technological Singularity or a Meme Frenzy?

Bitget Wallet Lite quickly surpasses 3 million users after launch, becoming the fastest-growing multi-chain wallet on Telegram

Bitget Wallet has released a Lite version, a seamlessly integrated Telegram multi-chain wallet, which surpassed 3 million users within just a few days of launch.

Bitget Wallet2025/11/02 00:52
Bitget Wallet Lite quickly surpasses 3 million users after launch, becoming the fastest-growing multi-chain wallet on Telegram