Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
35%
Share
$2.5K
Minimum
On-chain analyst Julio Moreno said Bitcoin’s market trend has shifted into a bull phase, with most indicators pointing to the early stage of a new upcycle.
Moreno said two factors still warrant caution. For the bull market to be officially confirmed, Bitcoin needs to break above its 365-day moving average, currently at $83,000. Moreno added that a price correction remains possible, given high unrealized profits after the recent surge and potential selling pressure from a sharp increase in exchange inflows. Even so, Moreno said the overall data still signals a highly positive outlook.