Close Menu
Global News HQ
    What's Hot

    Kenzo Spring 2026 Menswear Collection

    June 28, 2025

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13

    June 28, 2025
    Recent Posts
    • Kenzo Spring 2026 Menswear Collection
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • 10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13
    • PwC to cut 175 junior auditors amid slowdown
    • Are You Approachable at Work? Tips for Building Better Connections
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Kenzo Spring 2026 Menswear Collection
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • 10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13
    • PwC to cut 175 junior auditors amid slowdown
    • Are You Approachable at Work? Tips for Building Better Connections
    • Lung Cancer Doctors, Nurses, Therapists, and More: Your Metastatic Non-Small Cell Lung Cancer Team
    • Hurry, Amazon’s Early Prime Day Deals Include 50% Off Top Outdoor Power Equipment
    • Microsoft Sued in Manhattan Federal Court for Allegedly Using Pirated Material to Train AI Models | Law.com
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Bitcoin’s Last Drawdown To $74,000 A ‘Healthy Correction’ — Analyst Says Bull Cycle Is Still On
    Cryptocurrency & Blockchain

    Bitcoin’s Last Drawdown To $74,000 A ‘Healthy Correction’ — Analyst Says Bull Cycle Is Still On

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Bitcoin’s Last Drawdown To ,000 A ‘Healthy Correction’ — Analyst Says Bull Cycle Is Still On
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The price of Bitcoin has found its way back above the $85,000 mark, marking a huge success in the recovery from the coin’s latest slump toward $74,000. According to an on-chain analyst, this recent correction might not be as ominous as initially thought and could be part of a broader bull cycle.

    Can BTC Price Reach A New All-Time High In This Cycle?

    An analyst with the pseudonym ShayanBTC, in a Quicktake post on the CryptoQuant platform, shared fresh insights into the current Bitcoin market dynamics and the implications of the most recent price pullback. This evaluation is based on the Realized Cap of Unspent Transaction Output (UTXO) age bands, which analyzes the holding pattern of different investor cohorts.

    The UTXO age bands metric tracks the average price at which Bitcoin holders purchased their coins compared to how long they’ve held the assets. In ShayanBTC’s latest analysis, the relevant age bands are the 3 – 6 months and 6 – 12 months cohorts.

    According to data from CryptoQuant, the percentage of coins held by this class of investors has been on a steady rise. ShayanBTC noted that this climb appears similar to the accumulation patterns observed during the prolonged correction in the summer months of 2024.

    The Quicktake analyst noted this pattern points to a “holding trend”, where the 3 – 6 months and 6 – 12 months investors are not offloading their assets despite the ongoing market correction. “As more coins move into the hands of long-term holders, the available circulating supply shrinks, increasing Bitcoin’s scarcity,” ShayanBTC added.

    From a historical standpoint, these supply constraints could be a positive catalyst for robust price rallies, especially when combined with fresh demand. According to ShayanBTC, this market dynamic could set the stage for price discovery and propel the Bitcoin price to new all-time highs.

    Furthermore, the Quicktake analyst believes that, with the current on-chain structure, there is a reduced likelihood that the Bitcoin market is currently at the start of a bear season. The ongoing drawdown instead seems to be a healthy correction within a broader bullish cycle.

    Bitcoin Price At A Glance 

    The Bitcoin price appears to be building some bullish momentum, briefly crossing the $86,000 in the early hours of Sunday, April 13. As of this writing, the price of BTC stands at around $85,200, reflecting an over 2% increase in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by about 2% in the past seven days.

    Bitcoin



    Source link

    bitcoin bitcoin price btc btc price BTCUSDT cryptoquant
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleLeaked RTX 5060 Ti 16GB benchmarks show a 20% uplift over the 4060 Ti 16GB
    Next Article Taste Test: This Under-the-Radar Distillery Made the Best Whisky of the Year (So Far)

    Related Posts

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    Gemini launches tokenized US stock trading in EU starting with MSTR

    June 28, 2025

    Ripple drops cross-appeal as SEC set to follow, closing XRP case

    June 28, 2025

    Public Keys: Copycat Lawsuits for Bitcoin Giant Strategy, Coinbase Hits All-Time High – Decrypt

    June 28, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Luxury Goods & Services
    2 Mins Read

    Kenzo Spring 2026 Menswear Collection

    Can luxury be punk? Can luxury be hilarious? These were some of the more highfalutin…

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13

    June 28, 2025

    PwC to cut 175 junior auditors amid slowdown

    June 28, 2025
    Top
    Luxury Goods & Services
    2 Mins Read

    Kenzo Spring 2026 Menswear Collection

    Can luxury be punk? Can luxury be hilarious? These were some of the more highfalutin…

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13

    June 28, 2025
    Our Picks
    Luxury Goods & Services
    2 Mins Read

    Kenzo Spring 2026 Menswear Collection

    Can luxury be punk? Can luxury be hilarious? These were some of the more highfalutin…

    Cryptocurrency & Blockchain
    3 Mins Read

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version