{"id":22626,"date":"2025-04-01T17:56:44","date_gmt":"2025-04-01T14:56:44","guid":{"rendered":"https:\/\/forklog.com\/en\/analyst-sees-bitcoins-rally-resuming\/"},"modified":"2025-04-01T17:56:44","modified_gmt":"2025-04-01T14:56:44","slug":"analyst-sees-bitcoins-rally-resuming","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analyst-sees-bitcoins-rally-resuming\/","title":{"rendered":"Analyst sees bitcoin\u2019s rally resuming"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Several on-chain metrics signal positive trends.<\/li>\n<li>Whales have resumed accumulating digital gold, and miners are optimistic again.<\/li>\n<li>Bitcoin remains hostage to conditions in traditional financial markets.<\/li>\n<\/ul>\n<\/div>\n<p>A range of on-chain indicators points to a gradual shift in sentiment, the steadfastness of hodlers and \u201cstructural market strength,\u201d <a href=\"https:\/\/www.bitcoinmagazinepro.com\/bitcoin-research\/is-bitcoins-bull-market-truly-back\/\">shared his observations<\/a> Matt Crosby, lead analyst at Bitcoin Magazine Pro.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cBitcoin\u2019s latest correction was deep enough to shake investor confidence, but not so severe as to break the macro trend. The price appears to have formed a local bottom in the $76,000\u2013$77,000 range; several reliable metrics are beginning to register local lows, pointing to further upside,\u201d the researcher explained.<\/cite><\/p><\/blockquote>\n<h2 class=\"wp-block-heading\">From anxiety to confidence<\/h2>\n<p>In particular, the <span data-descr=\"the difference between unrealized profits and losses based on the last movement of coins\" class=\"old_tooltip\">NUPL<\/span> metric shows a transition from the \u201cAnxiety\u201d zone to \u201cConfidence\u201d after a prolonged market correction.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1_NUPL-1024x576.png\" alt=\"1_NUPL\" class=\"wp-image-255483\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1_NUPL-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1_NUPL-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1_NUPL-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1_NUPL-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/1_NUPL.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.bitcoinmagazinepro.com\/charts\/relative-unrealized-profit--loss\/\">Bitcoin Magazine Pro<\/a>.<\/figcaption><\/figure>\n<p>Crosby called this a \u201ccritical shift in sentiment that has historically occurred at macro-level rising lows.\u201d\u00a0<\/p>\n<p>The Value Days Destroyed (VDD) ratio accounts for spending of digital gold adjusted for coin age and transaction size, comparing it with the previous year\u2019s average. This offers insight into the behaviour of long-term holders.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2_VDD-1024x576.png\" alt=\"2_VDD\" class=\"wp-image-255484\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2_VDD-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2_VDD-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2_VDD-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2_VDD-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/2_VDD.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The VDD indicator suggests that the \u201clargest and most experienced\u201d bitcoin holders have stopped selling. Data: <a href=\"https:\/\/www.bitcoinmagazinepro.com\/charts\/value-days-destroyed-multiple\/\">Bitcoin Magazine Pro<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cCurrent readings have returned to low levels, indicating a lack of movement in large sums and old coins. This is a clear signal of confidence from the \u2018smart money\u2019. Such dynamics preceded powerful price rallies during the bull cycles of 2016\/17 and 2020\/21,\u201d the expert explained.<\/cite><\/p><\/blockquote>\n<h2 class=\"wp-block-heading\">Whales are accumulating again<\/h2>\n<p>The analyst also noted growth in the supply of coins held by long-term bitcoin investors.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3_long_term_hodler-1024x576.png\" alt=\"3_long_term_hodler\" class=\"wp-image-255485\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/3_long_term_hodler-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/3_long_term_hodler-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3_long_term_hodler-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/3_long_term_hodler-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/3_long_term_hodler.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamics of the coin supply held by long-term investors. Data: <a href=\"https:\/\/www.bitcoinmagazinepro.com\/charts\/long-term-holder-supply\/\">Bitcoin Magazine Pro<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cAfter taking profits at levels above $100,000, hodlers are returning to buying at lower levels. Historically, such accumulation phases created the conditions for supply shortages and subsequent parabolic price growth,\u201d the specialist commented.\u00a0<br \/><\/cite><\/p><\/blockquote>\n<h2 class=\"wp-block-heading\">Are miners breathing easier?<\/h2>\n<p>The \u201cHash Ribbon\u201d indicator also shows a bullish crossover \u2014 the short-term hashrate trend has risen above the long-term average.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4_hash_ribbon-1024x576.png\" alt=\"4_hash_ribbon\" class=\"wp-image-255486\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/4_hash_ribbon-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/4_hash_ribbon-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/4_hash_ribbon-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/4_hash_ribbon-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/4_hash_ribbon.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hash Ribbon dynamics. Data: <a href=\"https:\/\/www.bitcoinmagazinepro.com\/charts\/hash-ribbons\/\">Bitcoin Magazine Pro<\/a>.<\/figcaption><\/figure>\n<p>According to Crosby, historically such a signal has coincided with local lows and trend reversals.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cBecause miner behaviour often reflects their expectations for profitability, such a crossover indicates confidence in further price growth,\u201d the expert explained.\u00a0<br \/><\/cite><\/p><\/blockquote>\n<h2 class=\"wp-block-heading\">\u201cOn the drip\u201d<\/h2>\n<p>The researcher warned that despite optimistic on-chain signals, bitcoin \u201cremains closely tied to liquidity macro-trends and equity markets.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/5-macro-1024x576.png\" alt=\"5-macro\" class=\"wp-image-255487\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/5-macro-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/5-macro-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/5-macro-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/5-macro-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/5-macro.png 1999w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin\u2019s correlation with the S&amp;P 500 index \u201cremains very strong.\u201d Data: <a href=\"https:\/\/www.bitcoinmagazinepro.com\/bitcoin-portfolio\/btc-vs-sp500-correlation\/\">Bitcoin Magazine Pro<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cExpectations of interest-rate cuts have supported the recovery in risk assets, however a sharp shift in conditions could again lead to market instability,\u201d Crosby concluded.<\/cite><\/p><\/blockquote>\n<p>At the time of writing, the leading cryptocurrency is trading around $83,730. The gain over the past 24 hours is 0.5%, according to <a href=\"https:\/\/www.coingecko.com\/\" title=\"CoinGecko\">CoinGecko<\/a>. <\/p>\n<p>Earlier, the Bitcoin Macro Index metric <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-metrics-reveal-alarming-signals\">indicated<\/a> a bearish divergence, implying the likelihood of bitcoin entering a phase of price decline.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several on-chain metrics signal positive trends. Whales have resumed accumulating digital gold, and miners are optimistic again. Bitcoin remains hostage to conditions in traditional financial markets. A range of on-chain indicators points to a gradual shift in sentiment, the steadfastness of hodlers and \u201cstructural market strength,\u201d shared his observations Matt Crosby, lead analyst at Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1145,1150,1268],"class_list":["post-22626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-market-analysis","tag-news-plus","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"94","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22626"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22625"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}