ChainCatcher news, according to CoinDesk, Galaxy Research stated in a research report on Tuesday that the Bitcoin (BTC) bull market will continue, with BTC expected to break the $100,000 mark in the short term.The report indicates that the increasing adoption of Bitcoin by institutions and businesses, the possibility of establishing Bitcoin national reserves, and the new U.S. government's support for cryptocurrencies all suggest that Bitcoin will rise in the near and medium term. The launch of ETF options could enhance liquidity and potentially reduce volatility. This may attract large institutions into the market while stimulating retail demand.Galaxy Research director Alex Thorn stated that although the outgoing Biden administration may take some unsettling regulatory or enforcement actions that could make the market uneasy, the trend for Bitcoin over the next two years "seems unique and bullish," and the options market data is also bullish.

ChainCatcher news, Bitcoin Magazine CEO David Bailey expressed his views on social media, suggesting that the current Bitcoin bull market cycle may be significantly extended, breaking traditional market cycle patterns.Bailey pointed out that historically, there is usually about an 18-month "NgU" (Number Go Up, price increase) phase after a Bitcoin halving. However, with the current halving having occurred 6 months ago, he believes that this influx of capital is unlikely to peak within 12 months. Instead, Bailey predicts that this bull market cycle may need to last for 3 to 4 years before a cooling period occurs.

ChainCatcher news, according to Cointelegraph, the latest analysis released by Philip Swift, founder of the on-chain data platform LookIntoBitcoin, on June 5 shows that global liquidity (M2) is approaching $100 trillion, which will be a favorable condition for the rise of Bitcoin prices in 2024.In dollar terms, M2 has now reached $94 trillion, setting a new historical high, which is $3 trillion higher than the historical peak of $69,000 for Bitcoin at the end of 2021. Since hitting a local low of $85 trillion at the end of 2022 (coinciding with the low point of the cryptocurrency bear market), M2 has rebounded by 10%.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on social media, "Bitcoin is in the mid-cycle of a bull market. Its market cap is growing faster than the realized market cap, a trend that typically lasts for about two years. If this pattern continues, the bull market cycle may end in April 2025."

ChainCatcher news, Matrixport released a new report stating that Bitcoin is entirely driven by macro factors, with the derivatives market predicting that Bitcoin's volatility could reach 6% this week. Bitcoin has reached the end of a consolidation triangle, indicating that significant volatility is imminent.This week, Federal Reserve Chairman Powell delivered a speech, U.S. inflation data was released, and the tech-driven Nasdaq index hit an all-time high, setting the stage for substantial fluctuations in Bitcoin. The CPI data was slightly below expectations, and Bitcoin rose by 7%, showing that there is sustained buying power in the market.Bitcoin experienced a sell-off after the inflation data was released in March and April, but this week, with slightly optimistic (lower) inflation data, Bitcoin's price rose instead, breaking the previous correction pattern, which may signal the "return of the Bitcoin bull market."As the U.S. presidential election in November 2024 approaches, the upward trend of Bitcoin is expected to intensify. Historical data shows that during the last three elections, Bitcoin had an average increase of 192%, while the Nasdaq index had an average increase of 21%. The rebound of tech stocks and Bitcoin is very likely to play out again.

ChainCatcher news, cryptocurrency trader and analyst Rekt Capital stated that Bitcoin perfectly repeated its historical trend from 2016, showing a downward trend below the current e-accumulation range bottom within three weeks after the halving. Rekt mentioned that the re-accumulation range for this cycle is below the price of $61,081.However, Timothy Peterson, founder and investment manager of Cane Island Alternative Advisors, pointed out that based on the chart of Bitcoin's price decline from its all-time high (ATH) (measuring the drop from peak to trough over a specific time frame), the price could rise to nearly six times the current price by early 2025.Peterson stated, "Based on adoption and previous price retracement, we can speculate that the peak of this cycle will be between $175,000 and $350,000 within the next 9 months. Historically, we can say this bull market will end in January 2025."

ChainCatcher message, crypto analyst Willy Woo stated on his personal social media that under the BTC price ratio model, an exponential Bitcoin bull market has not yet begun. The changes relative to Bitcoin halving indicate that the current cycle may structurally be a mix of the 2013 (strong demand) and 2017 (spot dominant) cycles. The year 2020 was a washout year controlled by derivatives.Willy Woo described this BTC price model as a combination of three different price models moving relative to each other. These three price models are: 1. VWAP price (on-chain "investor" trading volume); 2. Realized price (cost basis); 3. CVDD price (long-term holders selling, also known as the "bottom" model).

ChainCatcher news, 10x Research (founded and analyzed by Markus Thielen) posted on social media that it expects the Bitcoin bull market to continue, with no significant macro events (such as interest rate hikes or stock market adjustments) affecting market liquidity. The sharp decline last night may lead to price consolidation in the next 1-2 weeks.10x Research stated that this incident was foreseeable. In cryptocurrency, the highest returns occur at the end of mid-cycle tops or cycle ends, but volatility is also extremely high at this time. Last night, an unknown wallet address created in 2010 sold a large amount of Bitcoin near the historical high. However, this may not be the only secret seller.It is reported that some attribute the drop in Bitcoin prices in January to FTX creditors selling $1 billion of Grayscale's GBTC. In mid-February, the bankruptcy judge approved Genesis's request to sell nearly $2 billion of GBTC (and other crypto assets). Due to a significant increase in GBTC sell-offs over the past five trading days, this capital flow may have already begun to impact the market. If this is the case, it may take several days, and the market could face a deeper adjustment.

ChainCatcher news, according to data from The Block, the cryptocurrency trading volume in the Asian market this month has reached $21.218 billion, accounting for 70.57% of the trading volume across all regions. The share of cryptocurrency trading volume in the Asian market for the first two months of 2024 has also been between 67% and 69%. According to Reuters, the current trading share in the Asian market is very similar to the bull market during the peak of Bitcoin in 2021.