Bitcoin is flirting with key levels as investors hold their breath. Multiple indicators point towards a unprecedented bullish scenario. With technical analysis, institutional influx, and supply scarcity, a symbolic milestone could be reached sooner than expected.
Technical analysis plays a crucial role in understanding the Bitcoin cycles. Several chart indicators suggest that the cryptocurrency is on the verge of revisiting its all-time highs. Firstly, the Golden Cross pattern has indeed manifested in recent weeks. It occurs when the short-term moving average (50 days) crosses the long-term moving average (200 days) from below.
Source: CryptoQuant
This powerful bullish signal has often preceded significant price increases in the past. Furthermore, Bitcoin has recently managed to break through the psychological resistance of $25,000, paving the way for further upward momentum. Lastly, the Relative Strength Index (RSI) is gradually moving out of the oversold zone, indicating a favorable shift in momentum towards buyers.
Beyond technical considerations, Bitcoin’s fundamental indicators are also highly encouraging. In terms of adoption, the number of active addresses on the Bitcoin network has been steadily increasing in recent months. This demonstrates a sustained interest from investors in the cryptocurrency.
Source: Coinglass
Moreover, institutional investors, who have long been absent, now seem to be returning to the market in droves, as evidenced by recent announcements from BlackRock and Fidelity. Finally, the halving scheduled in 2025, which will halve the new supply of bitcoins, is expected to fuel a strong bullish trend in the coming months. These factors strongly support a quick return of Bitcoin to $100,000.
After a long consolidation phase, all signs point to a return of Bitcoin to its all-time highs. Whether you are an experienced investor or a newcomer, now is the time to position yourself in this cryptocurrency before it takes off again. Stay tuned to the latest market trends and do not hesitate to consult experts to guide you in your crypto investments. The path to $100,000 seems clear now.
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Prior to any investment, it is always advisable to thoroughly research the market conditions and the risks involved. Above all, never invest more than you can afford to lose.
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
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