Key Points
- Bitcoin’s market cycle bottom ROI hits a new low, signalling the start of a bullish cycle.
- MicroStrategy finalizes a stock split, potentially making its shares more accessible.
Bitcoin’s return on investment (ROI) from the last market cycle has reached a new low. Simultaneously, the percentage of Bitcoin in profit also fell to its lowest since October 2023.
When prices exceeded $54K, 71% of holders were profitable. The last time such a scenario occurred, Bitcoin was valued at $28K.
Market Cycle Alignment
The market has now cooled down to yearly lows, but at twice the previous price. This stage in the Bitcoin market cycle aligns with typical patterns seen in past cycles. Understanding the current cycle can aid investors in making informed decisions.
There is a massive liquidation resting above $72K. Over $15 billion in Bitcoin short positions are set to be liquidated between $70K and $72K. This suggests that the next Bitcoin market cycle could commence soon.
Bitcoin Bull Flag
Bitcoin’s bull flag pattern remains intact. The longer it holds, the more likely a significant breakout becomes. This is an exciting time for those following Bitcoin. The best-case scenario would be for Bitcoin to break through the $72K mark, signalling strong upward momentum.
MicroStrategy recently completed a 1:10 stock split, making its shares ten times more accessible to investors. The company plans to sell up to $2 Billion in shares to invest more in Bitcoin and support its operations. This move could provide a great opportunity to diversify your portfolio.
The market’s recent rebound has increased shares of Coinbase and MicroStrategy, with increases of 7.5% and 9%, respectively.
