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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Bitcoin (BTC) Is it Still in a Bull Market, or Has the Bull Market Ended? Analysis Company Announced
Crypto analysis company Alphractal has published a new assessment based on on-chain data regarding the current market outlook for Bitcoin. In its analysis, the company suggested that the rise trend is still ongoing and that a new rally may be on the horizon.
According to Alphractal's statement, the On-Chain Capital Flow Sentiment Index ( is a strong indicator for tracking capital flows on the Bitcoin blockchain. This index is currently progressing towards a new distribution phase. Reaching this phase may indicate that Bitcoin is approaching the peak of its current bullish cycle.
The following statements were included in the company analysis:
According to analysts, Bitcoin's bull market is continuing strongly and, according to Alphractal, the current data does not rule out the possibility of a new rally.
The company's CEO Joao Wedson made the following statement:
*This is not investment advice.
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