Recently, Bitcoin proves and shows much recovery strength from every major crackdown. Notably, This makes BTC the best performing asset over the last decade.
Furthermore, BTC is currently seeing a recovery from the last crackdown. Also, following historical statistics, a massive uptrend comes after. Of course, this is similar to 2013, where BTC price explodes to over 10 times in just 52 days.
So, since bitcoin is standing at around $62,000, a six-figure BTC price is only a 51% price move away. Consequently, this will result in a BTC bull run cycle recovery.
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Furthermore, there are much expectations that history will repeat itself.
Especially, with on-chain metrics, recent price action and expectations of new demands BTC is likely going to see another massive run.
Conclusively, BTC price increase is from an increase in demand and adoption.
Currently, there’s so much supply on the market and much more demand increases.
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