Bitcoin currently in ‘middle of the bull run’ — Grayscale report

Grayscale says multiple metrics make it clear that Bitcoin is in the “middle of the bull run.”

Historical Bitcoin (BTC) market cycle indicators show that the crypto market is “presently in the middle of the bull run,” backed by a mix of strong fundamental and technical factors, according to a recent report from Grayscale. 

It is not easy to determine the onset of crypto bull runs apart from the fact that BTC price has often peaked 8-11 months after Bitcoin supply halving. Grayscale analysts set out in a recent report to outline the key elements of a bull market.

These factors were broken down into the precursors and the “fifth inning,” showing where the market currently stands.

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