<ul data-eligibleForWebStory="true">Bitcoin is currently in a bull cycle that started in November 2022, with strong support at $96,000.Corrections during the current cycle have been shallow, indicating market maturity and a healthy consolidation phase.Centralized exchange flows show a decrease in BTC movements, suggesting increased long-term holding and potential supply tightening.Analyst Adler believes Bitcoin is set for another leg up towards a new all-time high, fueled by decreasing retracements and strong structural support.