On January 9, 2025, Bitcoin's price fell to $92,000. Analysts are debating whether this signals the end of the Bull Run or if the market remains poised for growth.
Current Crypto Market Situation
Bitcoin, the largest cryptocurrency by market capitalization, recently experienced a price drop to around $92,000. This was influenced by factors such as uncertainties surrounding the Federal Reserve's interest rate cuts and a cautious approach from investors ahead of the inauguration of elected President Donald Trump. However, analysts suggest that this short-term volatility should not be interpreted as a structural market change.
Analysts' Views on Future Prospects
An anonymous analyst, known as Avocado onchain, indicated that investors should remain strategic and avoid reacting to short-term market noise. Mikybull, a crypto trader, noted that none of the market peak indicators have been reached in the current cycle, including metrics such as the Puell Multiple, the RSI-22 days, Bitcoin dominance, and the MVRV ratio.
Fundamental Factors and Investor Positions
Moreover, the continued accumulation of Bitcoin by whales reinforces this idea. These major market players have recently acquired about $941 million worth of BTC, which is often a precursor to positive market reversals and sustained bullish trends.
Analysts believe that despite recent volatility, Bitcoin's fundamentals remain strong. Continued accumulation by major investors may indicate that the Bull Run is not yet over.
