Bitcoin has entered its longest bull market in history, sustaining a continuous upward trend for 1,000 days since bottoming at $15,700 in November 2022. During this period, Bitcoin has demonstrated remarkable strength, spending over 100 consecutive days above the $100,000 mark and accumulating 131 days above $100,000, including 43 days above $110,000. This level of price consolidation is considered healthier compared to previous cycles, such as the last one where Bitcoin only spent 39 days above $60,000. Market indicators, including cycle extreme oscillators, suggest that the current bullish momentum is not overheated, leaving open the possibility that the market has not yet reached its peak. Additionally, Bitcoin’s most recent all-time high occurred five days ago, contrasting with Ethereum, which has not seen a new all-time high for 1,378 days.
It's been 1,378 days since the last ETH ATH, and 5 days since the last BTC ATH.
Bitcoin has spent 131 days above $100k since it first broke it, with 43 days spent above $110k. Last cycle, BTC only spent 39 days above $60k. This consolidation above $100k is extremely healthy relative to prior cycles. Zoom out, and relax.
Bitcoin Cycle Extreme Oscillators aren’t overheated like past cycle peaks. Either this time is different… or the top isn’t in. 🤔 https://t.co/JHiu7SOTbE