“Golden Bull Rally” for Bitcoin and BlockDAG Network: Analysts Share Their Insights

A new term, “Golden Bull Rally” refers to the current phase of significant upward momentum in the cryptocurrency market, driven primarily by heightened investor interest, technological advancements, and favorable market conditions. This rally is characterized by substantial price increases across major cryptocurrencies such as Bitcoin andBitcoin has historically been characterized by intense volatility and significant price swings.

The re-accumulation phase is characterized by consistent testing of the upper bounds of the price bracket, often resulting in brief spikes that fail to sustain higher levels. Traditionally, Bitcoin undergoes a consolidation period of approximately 150-160 days following a halving event before a significant breakout occurs. Given that we are only two months beyond the latest halving, it is not surprising that Bitcoin has yet to break past its range peaks.

Additionally, spot Bitcoin ETFs have not been performing as expected, reflecting BTC’s struggles. Despite these challenges, the market is seeing a surge in activity, with Bitcoin’s 24-hour trading volume reaching $31.2 billion, an increase of 89.87%.BlockDAG Network is now a significant player in the crypto space and is globally known for its success in innovative approaches to blockchain technology.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia extends rally as bull sees valuation nearing US$5 trillionShares of Nvidia Corp. surged more than 200 per cent over the past year and one of its most bullish analysts is projecting that the semiconductor giant will extend its rally, pushing its market value to nearly US$5 trillion in the coming year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Nvidia Extends Rally as Bull Sees Valuation Nearing $5 TrillionShares of Nvidia Corp. surged more than 200% over the past year and one of its most bullish analysts is projecting that the semiconductor giant will extend its rally, pushing its market value to nearly $5 trillion in the coming year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bitcoin: Are we only halfway through the current bull run?The Bitcoin MVRV-Z score showed the market was not yet overheated, and analysis also pointed to holders unwilling to sell in recent weeks.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin’s bull market is 50% done, but THIS is what’s coming nextBitcoin to $100K might be hitting a pause button. However, that's not bad news for the market as this simply means that...
Source: CryptoAmb - 🏆 22. / 68 Read more »