NEWSLETTER
After a strong multipurpose sale that dragged bitcoin from more than $ 100,000 to less than $ 80,000, the recent price rebound causes merchants to discuss whether the bitcoin upward market is really behind or if this is simply a rally on the bearish market before the next higher macro leg.
The local market pause or the bitcoin upward market?
bitcoin's last correction was deep enough to shake his confidence, but very deep enough to maintain the macro trends structure. The price seems to have established a local fund between $ 76k and $ 77K, and several reliable metrics are beginning to solidify the local minimums and point towards more rise.
He Net Net Profit and Losses (NUPL) It is one of the most reliable feeling meters in Bitcoins cycles. As the price fell, NUPL fell into territory of “anxiety”, but after the rebound, Nupl has now recovered the “belief” area, a critical transition of feeling that is historically seen in higher macro minimums.
He Multiple destroyed days (VDD) It weighs the btc expenditure both by age of coins and for transaction size, and compares the data with an anterior annual average, giving information on the behavior of the long -term holder. Current readings have been restored to low levels, suggesting that large and aging coins are not moving. This is a clear sign of conviction for intelligent money. The similar dynamics preceded the great prices manifestations in bull cycles 2016/17 and 2020/21.
bitcoin's long -term headlines boost the upward market
Now we are also seeing the Long -term supply Starting to climb. After the profits above $ 100K, the long -term participants are now reacting at lower levels. Historically, these accumulation phases have established the bases for supply compression and the subsequent action of the parabolic price.
bitcoin Hash Ribbons Signal Bull Market Cross
He HASH Tape Indicator He has just completed a bullish crossover, where the short -term hash rate trend moves above the long -term average. This signal has historically aligned with the funds and reversions of trends. Since the behavior of the miners tends to reflect the expectations of profitability, this cross suggests that the miners now trust the highest prices ahead.
bitcoin Bull Market tied to actions
Despite the bullish data in the chain, bitcoin remains closely linked to macro liquidity trends and capital markets, <a target="_blank" href="https://www.bitcoinmagazinepro.com/bitcoin-portfolio/btc-vs-sp500-correlation/” target=”_blank” rel=”noopener”>particularly the S&P 500. As long as that correlation is maintained, btc will be partially at the mercy of global monetary policy, the feeling of risk and liquidity flows. While the expectations of rate cutting have helped the risk assets to be bouncing, any acute investment could cause a renewed chopped for bitcoin.
bitcoin Bull Market Outlook
From a data -based perspective, bitcoin seems increasingly positioned for a sustained continuation of its bull cycle. The metrics in the chain paint a convincing image of resilience for the bitcoin's upward market. He Net Net Profit and Losses (NUPL) It has changed “anxiety” during the fall to the “belief” area after the rebound, a transition that is often seen in the highest macro minimums. In the same way, the Multiple destroyed days (VDD) It has been restored to the levels of sentence among the long -term holders, echoing the patterns before bitcoin manifestations in 2016/17 and 2020/21. These metrics point to the structural force, reinforced by long -term holders who aggressively accumulate the supply below $ 80,000.
More supporting this, the HASH Tape IndicatorThe recent Alcista crossover reflects the growing confidence of the miners in the profitability of bitcoin, a reliable sign of reversions of trends historically. This accumulation phase suggests that the bitcoin upward market may be preparing for a supply squeeze, a dynamic that has fed parabolic movements before. The data collectively highlights resilience, not weakness, since long -term holders take advantage of the fall as an opportunity. However, this force depends on more than signs in the chain: external factors will play a fundamental role in what comes next.
However, macro conditions still justify caution, since the bitcoin upward market does not work in isolation. Alcist markets take time to generate impulse, often needing a constant accumulation and favorable conditions to turn on the next higher leg. Although the local fund between $ 76k and $ 77K seems to be kept in mind, the way forward will probably not present vertical candles of maximum euphoria yet. bitcoin's tie with the <a target="_blank" href="https://www.bitcoinmagazinepro.com/bitcoin-portfolio/btc-vs-sp500-correlation/” target=”_blank” rel=”noopener”>S&P 500 And global liquidity trends means that volatility could arise from changes in monetary policy or the feeling of risk.
For example, although rate -cut expectations have raised risk assets, abrupt investment, perhaps inflation peaks or geopolitical shocks, could prove bitcoin's stability. Therefore, even with the data in the chain that indicate a robust configuration, the next phase of the bitcoin upward market will probably be developed in measured steps. Merchants anticipate a return to six -digit prices will need patience as the market builds its base.
If you are interested in a deeper analysis and data in real time, consider checking bitcoin Pro Magazine For valuable information about the bitcoin market.
Discharge of responsibility: This article is only for informative purposes and financial advice should not be considered. Always do your own research before making investment decisions.
