This analysis reveals that the current market cycle has nearly reached the bull/bear boundary three times but has not fallen below it. The fair price of Bitcoin (BTC) is currently estimated at $97,000. Observations indicate that this cycle has shown resilience, maintaining its position above the threshold. As traders and investors monitor market trends, the stability of Bitcoin’s price remains a focal point. The implications of these fluctuations could impact future trading strategies and market sentiment. Understanding the dynamics at play is essential for participants in the cryptocurrency market.
