On the 29th, CryptoQuant, a cryptocurrency analysis company, released its weekly market report. It analyzed that Bitcoin (BTC) is in the early stages of a new bull market, yet signs of overheating and fatigue are evident.
Bitcoin temporarily reached a high of $87,400, the highest in eight months, but several signals suggest a slowdown in upward momentum and the potential for subsequent corrections.
CryptoQuant first noted that traders'...