Bitcoin Price Action

Bitcoin price action has recently sent shockwaves across the broader market with its volatility, flagging a potential end to the bull cycle. Notably, CryptoQuant CEO stated on Tuesday that the “BTC bull cycle is over,” triggering global market concerns.

Nevertheless, the latest market statistics indicate conflicting signals:
– Rising stablecoin inflows
– Broader advancements
– Bullish price chart formations

These factors suggest that a rally may lie ahead.