Bitcoin recently hit a new all-time high (ATH) level in March, surpassing its previous ATH of $69,000. Following this peak, Bitcoin saw a drop to the $60,000 level before recovering. CryptoQuant CEO Ki Young Ju commented on these movements, noting similarities to past bull cycles. According to Ju, Bitcoin has entered the true bull market by breaking its previous ATH. Comparing the current cycle to that of 2020-2021, Ju highlighted the stages of recovery, surpassing the previous ATH, and entering the real bull market. Ju expressed optimism for Bitcoin's future growth, drawing a parallel between the excitement felt now and that of four years ago in the cryptocurrency market.