Due to the record high of illiquid supply, the Bitcoin “super cycle” hits the highest BTC price in the fourth quarter Author: Cointelegraph

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As illiquid supply hits a record high, Bitcoin “super cycle” hits the highest point of BTC price in the fourth quarter

(Bitcoin) Is preparing to make a comeback, which will cause it to repeat the classic bull market of 2013 and 2017, analysts believe.

With the local high of $42,400 on July 31, the narrative surrounding the market is returning to the bullish Bitcoin “supercycle”.

Annotated candlestick chart for 1 month.Source: Jeff Rose/Twitter
Annotated chart of Bitcoin’s illiquid supply.Source: Lex Moskovski/Twitter