Gear Up! New Bitcoin Bull Market Is About To Begin — Time To Buy?

The price of Bitcoin has continued to hover around the $70,000 level this weekend, establishing a choppy structure above this psychological level. According to the latest on-chain data, a significant buy alarm has gone off for BTC, indicating the potential start of a bull market. Has BTC Price Reached Its Cycle Bottom? On Saturday, March 21, popular market analyst Ali Martinez took to the social media platform X to sound a bullish alarm for Bitcoin, the world’s largest cryptocurrency by market capitalization. The crypto pundit posited that the market leader could be at the beginning of a period of extended upward movement. Related Reading: XRP Price Is Maintaining This Multi-Year Trendline, But A Crash Could Be Looming The rationale behind this bullish projection is the recent shift in the Inter-Exchange Flow Pulse (IFP) metric. The Inter-Exchange Flow Pulse is an on-chain indicator that measures BTC flows between spot and derivative exchanges using the Bitcoin exchange flow data