Glassnode analysts said the current cycle is increasingly aligned with the 2015-2018 market phase.

At the same time, experts recorded a return of hodlers to accumulating Bitcoin - a similar trend was observed after the local peak in March last year. According to analysts, the market will need new catalysts to “unlock” supply.

MN Trading founder Michael van de Poppe allowed a correction to $95,000-97,000 with a recovery in the future, while analysts at QCP Capital believe that until the Fed meeting on January 29, the market will remain in the range of the last days.

Glassnode

Glassnode is the leading platform for deep analysis of blockchains, especially Bitcoin and Ethereum. It provides information about blockchain operations, analyzes data and displays them in the form of graphs and reports. The service is useful for traders to better understand the market and make informed decisions.