Bitcoin Vector, a prominent crypto analytics platform, has expressed a bullish outlook on Bitcoin (BTC) as it hovers near its all-time high. The platform shared its insights on the social media platform X, indicating that Bitcoin is currently in the early stages of a robust bull market following a confirmed breakout.
The analytics provider describes Bitcoin as being in the “ignition phase” of this bullish trend. This phase is characterized by a build-up of momentum that often precedes a significant price surge.
“The longer BTC remains in the Full Bull phase, the higher the potential gains.”
“We are witnessing this again:
- – The market structure is stable,
- – Momentum is gaining strength,
- – BTC has established a new stable position, accompanied by a fresh ignition signal.
“Full Bull Momentum is on the horizon.”
Historically, similar conditions were noted in November of 2024 when Bitcoin soared from approximately $70,000 during the ignition phase to a peak all-time high of $106,000 at the height of the full bull phase, as reported by the analytics platform.
Bitcoin Vector contends that the full bull market for Bitcoin is triggered when the Bitcoin Fundamentals Index (BFI) climbs above a crucial threshold of 60. The BFI operates on a scale of zero to 100, where a higher score indicates greater bullish sentiment.
“- Price recently peaked at a new all-time high of $123,000.
– The BFI has surged to 59 (a level above 60 confirms a full bull market).
– Our Optimal Strategy has fully flipped bullish once again.
“This breakout is not mere hype; both structural and fundamental indicators are aligned.”
As of the time of writing, Bitcoin is trading at $120,246.
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