Analysis: Bitcoin enters price discovery phase, may usher in "crazy bullish opportunities"

Odaily Planet Daily Report: Trader and analyst "Daan Crypto Trades" posted on X today, stating that "Bitcoin has entered the price discovery phase of this cycle" and pointing out that its price has exceeded the historical high by nearly a month, suggesting that Bitcoin may see "crazy bullish opportunities" in the coming months. He said that in the past two cycles, there were previous rallies after the discovery phase, and noted that Bitcoin surged 1,600% during the 2017 bull market and 245% during the 2021 bull market after entering the discovery phase. He added, "Even if we only complete half of the 2021 rally, the price will still be around $150,000." Capriole Fund founder Charles Edwards commented, "In each cycle, we get 4-7 months of Bitcoin price discovery returns," and added that the first month just happened in November, with Bitcoin rising nearly 40%, breaking the monthly candle record. (Cointelegraph)