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As Bitcoin (BTC) solidified its $60,000 floor and surged past $78,000, showing a strong recovery, optimistic analyses from Wall Street experts are pouring in, declaring that the virtual asset market has entered a new bull run, significantly raising investor expectations.
According to the cryptocurrency specialized media Bitcoinist on April 24 (local time), Bitwise research analyst Ismael Asad diagnosed that Bitcoin has clearly entered a bull market phase. He emphasized that the leading cryptocurrency, which had fallen to $60,000 after setting new all-time highs in 2025, showed strong resilience by rebounding again even amidst major negative news, which is a key signal of a bull market transition.
Behind this optimism are macro-economic tailwinds such as the easing of geopolitical tensions, including Iran's ceasefire extension, and improved market sentiment. Rajeev Sauni, Head of International Portfolio Management at Wave Digital Assets, explained that the easing of tensions led to a more stable economic outlook being reflected in prices, thereby driving the rise of Bitcoin, a risk asset. Furthermore, improved spot demand for Ethereum (ETH) and the Bitcoin Fear & Greed Index, which had been consolidating in extreme fear, has turned back into the greed zone, supporting strong buying sentiment.
Jack Pandl, Head of Research at Grayscale, also analyzed that Bitcoin has likely already formed its final price bottom for this cycle around the $60,000 mark. He based his assessment on the robust support established at the $63,000 level, followed by a rally of over 20% to break past $76,000, concluding that the risk of further declines has virtually ended.
Market experts are also paying close attention to the realized value, which indicates the average cost at which coins have moved on the blockchain. The realized value for investors who purchased coins between the last one to three months is approximately $74,000, which means that with the recent price rebound, a significant number of new entrants have finally surpassed their breakeven point, expected to provide stronger momentum for future upward movement.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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