Bitcoin enters distribution phase – Is a market shift here? – BitRss

• Bitcoin’s price rise signaled impressive growth, but warnings of a potential distribution phase have emerged.
• Retail and institutional investors drove demand, with key indicators pointing toward future volatility.

After a remarkable surge of over 129% in the past year, Bitcoin [BTC ($98,794.06)] has crossed the $100k mark, prompting many analysts to declare it in the late stages of its bull market.

While the price rise signals impressive growth, experts are beginning to warn that Bitcoin could be entering the early distribution phase, a typical precursor to the final leg of a bull run before the market experiences a cooling period.

As market sentiment shifts and key indicators point toward potential volatility, the question arises: Are we witnessing the peak of this rally, or is there still room for further gains before the inevitable correction?

Understanding market cycles with Dow theory

The Dow Theory offers a useful framework for understanding Bitcoin’s current market position by dividing market movements into two key phases: accumulation and distribution.

Historically, Bitcoin has followed this cyclical pattern. In 2022, BTC underwent a clear distribution phase, characteriz…