This important parameter indicates the ATH for BTC (analyst) earnings

TL; DR

Analysts expect a strong BTC rally led by market signals that could be rallying by major entities. On the other hand, high profitability among owners may indicate a short-term price adjustment.

BTC Explosive Rally Earnings?

The leading digital asset traded sideways last weekend between $66,500 and $67,500. However, the beginning of the new week provided a new impetus, BTC rose above $68,500.

Many analysts have seen the price rise, with more expository pumping in mind. In the near future. of Famous X user Mikybull Crypto He said he deserved it. BTC experienced a “golden cross” several hours ago. The merchant pointed out that Such progress has been observed Exactly A year ago and Followed In a great procession.

A so-called “golden cross” is a technical chart pattern that occurs when Bitcoin's short-term moving average (usually 50-day) crosses above its longer-term moving average (eg 200-day). This It is considered A bullish signal indicating positive sentiment in the market. The “golden cross” is the opposite of the “death cross”, the short-term average falls below the long-term, which indicates periods of depression.

X user Ted also entered. He It has been preserved As the general environment is very optimistic, “as ETFs pile up,” Donald Trump is more likely to win. Climbing upAnd big tech companies are talking about BTC. Despite those positive factors, he said, “there is no movement.”

The investor believes that this is a “perfect game” for large entities to keep the price low and increase their exposure. “at once They are done With this, a supply shock will begin, pushing BTC to new highs,” he predicted.

There are no BTC investors in the water

The recent revitalization of the property has been more than beneficial to the owners. basis to block, A shocking 98% of BTC investors are currently sitting on paper profits. There is no one in the water, but only 2%. breaking even

This That may sound like good news for shareholders, but it could be a prelude to a short-term pullback. Remember that BTC's profit margin was about 95% at the beginning of the month when the asset was trading above $69k. But soon The property went under $65.5K in a short amount of time and received a major correction.

Similar conditions were observed in September and March of this year (when BTC hit a new ATH).