According to Tradingview, Bitcoin prices hit a three-month high of $47,200 just a few hours ago during Tuesday morning's Asian trading session for the first time since mid-May. The price is presently less than 30% below its $64,800 ATH set in mid-April. Glassnode mentioned the possibility of a Bitcoin supply crunch, observing the recovery of the Long-Term Holder (LTH) owned coins. Furthermore, Analyst "PlanB" suggested that the market might enter a "second leg" of the bull run 16 months after the halving in May 2020.