{"id":644625,"date":"2024-09-26T12:00:16","date_gmt":"2024-09-26T12:00:16","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=644625"},"modified":"2024-09-26T04:37:07","modified_gmt":"2024-09-26T04:37:07","slug":"here-is-why-the-bitcoin-bull-run-hasnt-started-according-to-analyst","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/bitcoin-news\/here-is-why-the-bitcoin-bull-run-hasnt-started-according-to-analyst\/","title":{"rendered":"Here Is Why The Bitcoin Bull Run Hasn\u2019t Started, According To Analyst"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">The Bitcoin community have been eagerly awaiting the start of a new bull market especially following the recent halving that occurred in April, however, according to a latest <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/66f40697db12a1096841b125-Despite-high-expectations-from-investors-and-enthusiasts-the-much-anticipated-Bi\" target=\"_blank\" rel=\"noopener nofollow\">analysis<\/a> from a CryptoQuant analyst under the pseudonym Onchained, that moment has not yet arrived and there is a reason.<\/p>\n<p data-pm-slice=\"1 1 []\">In the post uploaded on the CryptoQuant QuickTake platform, Onchained&#8217;s analysis focused on the Long-Term Holder (LTH) Mourad Ratio, a <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoins-puell-multiple-dips-into-bullish-territory-is-a-breakout-coming\/\" target=\"_blank\" rel=\"noopener \">proprietary indicator<\/a> that tracks UTXOs (unspent transaction outputs) held for more than six months.<\/p>\n<p data-pm-slice=\"1 1 []\">This ratio basically helps gauge market sentiment and accumulation trends among long-term Bitcoin holders, offering valuable insights into when BTC may enter its<a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-set-for-major-bull-run-these-3-on-chain-metrics-signal-a-turning-point\/\" target=\"_blank\" rel=\"noopener \"> next bull phase<\/a>.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-held-for-years-are-now-on-the-move-is-this-a-signal-for-caution\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">Stability In The Long-Term Holder Mourad Ratio<\/h2>\n<p data-pm-slice=\"1 1 []\">One of the key indicators highlighted in the analysis is the stability of the <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-demand-surge-binance-buyers-take-charge-as-coinbase-premium-falls\/\" target=\"_blank\" rel=\"noopener \">Long-Term Holder<\/a> Mourad Ratio. Historically, when this ratio remains stable, it suggests that the market is not yet ready for a significant upward movement.<\/p>\n<p data-pm-slice=\"1 1 []\">Onchained explained that a bull market typically begins only when the ratio starts to deviate negatively from these stable levels. Currently, data shows that the LTH Mourad Ratio is steady, signaling that Bitcoin\u2019s bull run is yet to begin.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/280562\/quicktake\/D7fFJ_bbbcbab69f7e0c725d7cf6b52bdc94364828faea0e1e7a6d9c48927f027e16a1.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin Long-Term Holder (LTH) Mourad Ratio.\" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Bitcoin Long-Term Holder (LTH) Mourad Ratio. | Source: CryptoQuant<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">This stableness in the ratio as revealed by the analyst, \u00a0indicates that long-term holders are not yet driving substantial price movement in the market, and investors may need to exercise patience until more <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/bitcoin-held-for-years-are-now-on-the-move-is-this-a-signal-for-caution\/\" target=\"_blank\" rel=\"noopener \">favourable conditions arise<\/a>.<\/p>\n<p>For further context, the Mourad Ratio is calculated by dividing the Long-Term Holder Mourad Current Transaction Value (LTH MCTV) by the current Bitcoin price.<\/p>\n<p>This calculation provides insight into the average value of UTXOs aged over six months, giving a clearer picture of recent accumulation trends among longer-term BTC holders.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Z7jFFUsc\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2 data-pm-slice=\"1 1 []\">Technicals Suggests Bitcoin Bull Run Is Not So Far<\/h2>\n<p>While Onchained analysis has confirmed that Bitcoin <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/analyst-warns-of-short-squeeze-as-bitcoin-futures-market-heats-up\/\" target=\"_blank\" rel=\"noopener \">bull run<\/a> is yet to start, other analysts has turned to historical price chart to gauge when the bull run for BTC could begin from a technical perspective.<\/p>\n<p>Popular Bitcoin insight platform known as Bitcoin archive on X has recently <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/19286312?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">highlighted<\/a> that BTC is on the verge of making a &#8220;bullish cross-over on the 5-day chart for the first time in 230 days.&#8221;<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/bitcoin-news\/analyst-warns-of-short-squeeze-as-bitcoin-futures-market-heats-up\/\" target=\"_blank\" rel=\"noopener \">Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up<\/a><\/div>\n<p>According to Bitcoin Archive, the last two times this happened, BTC went up by 79% and 74%, therefore, should this repeat itself again, Bitcoin could surge past $100,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bitcoin MACD about to make a bullish cross-over on the 5-day chart for the first time in 230 days.<\/p>\n<p>Last 2x Bitcoin went up 79% and 74%.<\/p>\n<p><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#Bitcoin<\/a> will surge OVER $100K if this repeated. <a href=\"https:\/\/t.co\/USTaCzHD44\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/USTaCzHD44<\/a><\/p>\n<p>\u2014 Bitcoin Archive (@BTC_Archive) <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/19286312?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">September 25, 2024<\/a><\/p><\/blockquote>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin community have been eagerly awaiting the start of a new bull market especially following the recent halving that occurred in April, however, according to a latest analysis from a CryptoQuant analyst under the pseudonym Onchained, that moment has not yet arrived and there is a reason. In the post uploaded on the CryptoQuant QuickTake platform, Onchained&#8217;s analysis focused on the Long-Term Holder (LTH) Mourad Ratio, a proprietary indicator that tracks UTXOs (unspent transaction outputs) held for more than six months. This ratio basically helps gauge market sentiment and accumulation trends among long-term Bitcoin holders, offering valuable insights into when BTC may enter its next bull phase. Related Reading: Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution? Stability In The Long-Term Holder Mourad Ratio One of the key indicators highlighted in the analysis is the stability of the Long-Term Holder Mourad Ratio. Historically, when this ratio remains stable, it suggests that the market is not yet ready for a significant upward movement. Onchained explained that a bull market typically begins only when the ratio starts to deviate negatively from these stable levels. Currently, data shows that the LTH Mourad Ratio is steady, signaling that Bitcoin\u2019s bull run is yet to begin. This stableness in the ratio as revealed by the analyst, \u00a0indicates that long-term holders are not yet driving substantial price movement in the market, and investors may need to exercise patience until more favourable conditions arise. For further context, the Mourad Ratio is calculated by dividing the Long-Term Holder Mourad Current Transaction Value (LTH MCTV) by the current Bitcoin price. This calculation provides insight into the average value of UTXOs aged over six months, giving a clearer picture of recent accumulation trends among longer-term BTC holders. Technicals Suggests Bitcoin Bull Run Is Not So Far While Onchained analysis has confirmed that Bitcoin bull run is yet to start, other analysts has turned to historical price chart to gauge when the bull run for BTC could begin from a technical perspective. Popular Bitcoin insight platform known as Bitcoin archive on X has recently highlighted that BTC is on the verge of making a &#8220;bullish cross-over on the 5-day chart for the first time in 230 days.&#8221; Related Reading: Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up According to Bitcoin Archive, the last two times this happened, BTC went up by 79% and 74%, therefore, should this repeat itself again, Bitcoin could surge past $100,000. Bitcoin MACD about to make a bullish cross-over on the 5-day chart for the first time in 230 days. Last 2x Bitcoin went up 79% and 74%. #Bitcoin will surge OVER $100K if this repeated. pic.twitter.com\/USTaCzHD44 \u2014 Bitcoin Archive (@BTC_Archive) September 25, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":644646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,1119,78790,6664,10923,83531],"class_list":["post-644625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\n<title>Here Is Why The Bitcoin Bull Run Hasn\u2019t Started, According To Analyst<\/title>\n<meta name=\"description\" content=\"The Bitcoin community have been eagerly 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These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/www.ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here Is Why The Bitcoin Bull Run Hasn\u2019t Started, According To Analyst","url":"http:\/\/www.ktsl888.com\/bitcoin-news\/here-is-why-the-bitcoin-bull-run-hasnt-started-according-to-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/bitcoin-news\/here-is-why-the-bitcoin-bull-run-hasnt-started-according-to-analyst\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-25-18.49.34-A-digital-illustration-explaining-why-the-Bitcoin-bull-run-hasnt-started-according-to-an-analyst.-The-image-features-the-Bitcoin-symbol-paused-at-a-.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-25-18.49.34-A-digital-illustration-explaining-why-the-Bitcoin-bull-run-hasnt-started-according-to-an-analyst.-The-image-features-the-Bitcoin-symbol-paused-at-a-.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin market","btc","btcusdt","crypto","crypto market","cryptoquant"],"dateCreated":"2024-09-26T12:00:16Z","datePublished":"2024-09-26T12:00:16Z","dateModified":"2024-09-26T12:00:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here Is Why The Bitcoin Bull Run Hasn\\u2019t Started, According To Analyst\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/bitcoin-news\\\/here-is-why-the-bitcoin-bull-run-hasnt-started-according-to-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/bitcoin-news\\\/here-is-why-the-bitcoin-bull-run-hasnt-started-according-to-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/DALL\\u00b7E-2024-09-25-18.49.34-A-digital-illustration-explaining-why-the-Bitcoin-bull-run-hasnt-started-according-to-an-analyst.-The-image-features-the-Bitcoin-symbol-paused-at-a-.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/DALL\\u00b7E-2024-09-25-18.49.34-A-digital-illustration-explaining-why-the-Bitcoin-bull-run-hasnt-started-according-to-an-analyst.-The-image-features-the-Bitcoin-symbol-paused-at-a-.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin market\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"dateCreated\":\"2024-09-26T12:00:16Z\",\"datePublished\":\"2024-09-26T12:00:16Z\",\"dateModified\":\"2024-09-26T12:00:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-25-18.49.34-A-digital-illustration-explaining-why-the-Bitcoin-bull-run-hasnt-started-according-to-an-analyst.-The-image-features-the-Bitcoin-symbol-paused-at-a-.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/644625"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=644625"}],"version-history":[{"count":2,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/644625\/revisions"}],"predecessor-version":[{"id":644648,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/644625\/revisions\/644648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/644646"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=644625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=644625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=644625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}