<ul><li>A CryptoQuant analyst has highlighted the UTXO Block Profit/Loss (P/L) Count Ratio Model to track Bitcoin's profit cycles.</li><li>The model analyzes short, medium, and long-term trends to predict potential price reversals and market peaks.</li><li>The 30-day profit and loss ratio crossing above the 365-day moving average could indicate a new price peak.</li><li>Bitcoin is currently trading at $70,379, showing a slight decrease after a recent surge.</li></ul>

Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?

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