Key facts
- Bitcoin is currently trading sideways in the $80,000 range.
- Analyst Lark Davis believes a major Bitcoin cycle is beginning.
- Davis cited on-chain signals and whale accumulation as indicators.
- He suggested a market bottom around $57,000.
Bitcoin is currently trading sideways in the $80,000 range. However, crypto analyst Lark Davis believes that a significant bull run for the cryptocurrency has already begun. Davis highlighted on-chain signals and whale accumulation as key indicators supporting his optimistic outlook. He also suggested that the market may have already hit its bottom for this cycle, estimating it to be around $57,000.