The Bitcoin cryptocurrency is in phase 2 of its bull cycle, following a similar trend to 2016 before the reward cut event. This period shows optimism as the unprofitable supply drops to the 0.618-0.50 level. This also indicates that Bitcoin is preparing for a new bull run, without a sudden increase in the loss rate.
With the exception of the 2020 black swan event, Bitcoin's current trend is very similar to the dynamics before the 2016 reward cut event. When the final stage (phase 3) is reached, the supply is unprofitable. will drop to 0.236, showing that Bitcoin is approaching the top of the bull market.
With the exception of the 2020 black swan event, Bitcoin's current trend is very similar to the dynamics before the 2016 reward cut event. When the final stage (phase 3) is reached, the supply is unprofitable. will drop to 0.236, showing that Bitcoin is approaching the top of the bull market.