Satoshimeter Shows Where Bitcoin Price Is In This Cycle
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最新报道：The "Satoshi Meter" tool, developed by analyst Root, indicates Bitcoin is currently in the "Enthusiasm" phase of its market cycle, suggesting potential for further price growth before reaching the cycle top. The model tracks Bitcoin's progress through four phases - Disbelief, Acceptance, Enthusiasm, and Euphoria - based on historical patterns. With Bitcoin trading around $51,000, the tool shows the current cycle is approximately 60% complete, implying room for upside before the expected peak. However, Root cautions that external factors like macroeconomic conditions could influence the timeline, noting Bitcoin's price action remains "boring" compared to previous cycles. The analyst also highlights the growing institutional adoption through spot Bitcoin ETFs as a key difference in this cycle.
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