Bitcoin Bull Run Still Going Strong Despite Recent Slump, Says Analyst

Despite Bitcoin's recent price slump, Token Bay Capital founder Lucy Gazmararian believes the Bitcoin bull run is far from over. She argues that the current market retracement is consistent with previous cycles and points to historical data showing significant drops followed by parabolic runs to new highs after Bitcoin halvings. Gazmararian predicts that the market could see a Bitcoin top in late 2025, assuming the current pattern holds. However, she cautions that a drop of over 50% in the next few months could challenge this optimistic outlook. Data from IntoTheBlock reveals that long-term Bitcoin holders are largely in profit, while short-term holders are facing losses, making aggressive declines potentially risky for many investors.