Over the past 24 hours, the market has shown signs of recovery, with Bitcoin's [BTC] market capitalization increasing by 1.44% to $1.88 trillion
Bitcoin’s (BTC) market capitalization has seen a slight uptick over the past 24 hours, showing signs of recovery from recent losses.
According to CoinGecko, BTC’s market cap has increased by 1.44%, rising to $1.88 trillion. This shift was accompanied by a remarkable surge in trading volume, which soared by 144.37%.
Over the past week and month, BTC has managed to limit its losses, remaining within a 6% drawdown range. This resilience has prevented any drastic declines from its local top.
Meanwhile, a closer examination of the market structure reveals a potential setup for a bull run, which is strikingly similar to the 2017 rally.
This analysis compares BTC’s price movement during post-halving periods, a phase when miners’ rewards are reduced.
The comparison reveals a close resemblance in BTC’s trajectory, hinting at the possibility of BTC大幅度surpassing its current All-Time High (ATH) if this trend continues.
However, it’s important to note that while the overall trajectories align, there have been occasional divergences in the price movement.
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