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via CryptoPotato · By CryptoPotato Editorial

How Much New Money Does Bitcoin Need to Start a Fresh Bull Run? (It’s a Lot)

BTC

BTC/USDT

$62,609.91
+0.08%
24h Volume

$8,807,016,807.85

24h H/L

$63,461.99 / $62,436.59

Change: $1,025.40 (1.64%)

Long/Short
61.6%
Long: 61.6%Short: 38.4%
Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$62,646.83

-0.79%

Volume (24h): -

Resistance Levels
Resistance 3$67,369.22
Resistance 2$65,848.91
Resistance 1$63,117.74
Price$62,646.83
Support 1$61,603.59
Support 2$57,800.19
Support 3$50,986.64
Pivot (PP):$62,742.48
Trend:Downtrend
RSI (14):48.0
CE
CryptoPotato Editorial
(02:03 PM UTC)
1 min read
DK
Verified byDavid Kim
732 views
0 comments

CryptoQuant's CEO Ki Young Ju says that Bitcoin may still have another parabolic cycle ahead, but it will likely require a considerable amount of institutional-scale capital inflows. 

Bitcoin might still enter another major bull cycle, but the amount of money needed to fuel it has grown dramatically compared to previous bull…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CryptoPotato Editorial · CryptoPotato

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