After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price. Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum. Related Reading: Bitcoin’s Price Dip Triggers Alert On NVT Golden Cross—Here’s What To Watch For Key Indicators Highlight Best Buying Opportunities As Bitcoin continues its rally, CryptoQuant, a prominent on-chain analytics platform, has shared insights into key metrics that could help potential investors determine optimal entry points. Drawing on historical data and market behaviour, CryptoQuant highlights the patterns of price corrections, short-term holder strategies, speculative bets, and trading volume indicators to guide investors in navigating Bitcoin’s ongoing bull run. According to CryptoQuant, historical bull markets have shown that price drawdowns are inevitable, even during periods of sustained growth. For instance, the 2017 bull market experienced corrections of up to 22%, while the 2021 rally saw 10% and 30% declines. The 2024 bull run has already seen 15% and 20% price pullbacks, suggesting that periodic corrections may offer strategic buying opportunities. The platform also emphasizes the significance of the S ..
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