{"id":75855,"date":"2023-03-20T15:19:47","date_gmt":"2023-03-20T13:19:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75855"},"modified":"2025-09-10T13:59:56","modified_gmt":"2025-09-10T10:59:56","slug":"experts-note-bitcoins-transition-into-a-bull-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/experts-note-bitcoins-transition-into-a-bull-market\/","title":{"rendered":"Experts note Bitcoin&#8217;s transition into a bull market"},"content":{"rendered":"<p>The first cryptocurrency&#8217;s move to new highs this year has created the conditions for a quarterly bullish engulfing candle. Historically, this has preceded a strong rally, the user rektcapital noted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Historically, <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> Quarterly Bullish Engulfing Candles have preceded strong upside<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/iZ13sKcaTg\">pic.twitter.com\/iZ13sKcaTg<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1637604475199275009?ref_src=twsrc%5Etfw\">March 19, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This view is shared by CryptoQuant founder Ki Young Ju, who pointed to upbeat signals from on\u2011chain indicators. The metric developed by his team for bull\/bear markets crossed the zero line from below.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> entered into the bull phase. <a href=\"https:\/\/t.co\/2VjgghXIB2\">https:\/\/t.co\/2VjgghXIB2<\/a> <a href=\"https:\/\/t.co\/8FmHyVILZH\">pic.twitter.com\/8FmHyVILZH<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1637650700078583809?ref_src=twsrc%5Etfw\">March 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier he also found fundamental grounds for the positive dynamics of digital gold in the form <a href=\"https:\/\/u1f987.com\/en\/news\/us-rescue-saves-svb-and-signature-bank-depositors-stablecoins-narrow-the-depegging\">collapse of American banking institutions<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/stock-market-fears-credit-suisse-collapse-bitcoin-remains-resilient\">the Swiss investment bank Credit Suisse<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If you still believe in the US dollar system, imagine the following:<\/p>\n<p>1\/ Crypto exchanges invest all client funds in shitcoins.<\/p>\n<p>2\/ Satoshi Nakamoto prints infinite Bitcoins to bail out the exchanges.<\/p>\n<p>3\/ <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> price fluctuates based on Satoshi\u2019s hawkish or dovish expressions. <a href=\"https:\/\/t.co\/MvwCZPBSJf\">pic.twitter.com\/MvwCZPBSJf<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1637556702022336512?ref_src=twsrc%5Etfw\">March 19, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>If you still believe in the US dollar system, imagine the following: 1\/ Crypto exchanges invest all client funds in shitcoins.<\/em> <em>2\/ Satoshi Nakamoto prints infinite Bitcoins to bail out the exchanges.<\/em> <em>3\/ The price of Bitcoin fluctuates depending on Satoshi&#8217;s hawkish or dovish stance,<\/em> \u2014 he noted.<\/p>\n<\/blockquote>\n<p>Following that, he also sarcastically referred to the organization of the dollar-liquidity program among leading world central banks.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Satoshi just decided to print more Bitcoins again to bail out crypto exchanges.<\/p>\n<p>BTC price will go down as its supply increases. \/s <a href=\"https:\/\/t.co\/ucdqiJMHnV\">https:\/\/t.co\/ucdqiJMHnV<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1637578605923545088?ref_src=twsrc%5Etfw\">March 19, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>Satoshi simply decided to print more Bitcoins again to bail out the crypto exchanges. The price of Bitcoin will fall as its supply increases,<\/em> \u2014 the expert noted.<\/p>\n<\/blockquote>\n<p>The latest developments were also commented on by Binance CEO Changpeng Zhao.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">No one can print <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> out of thin air. <\/p>\n<p>Mining is a feature.<\/p>\n<p>\u2014 CZ ? Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1636846665855369216?ref_src=twsrc%5Etfw\">March 17, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>Bitcoin is volatile, but it has never needed rescue, as banks do. It has no CEO. No one can print coins out of thin air,<\/em> \u2014 the exchange head emphasised.<\/p>\n<\/blockquote>\n<p>In April, a trader and analyst Micha\u00ebl van de Poppe cautioned that Bitcoin could fall to <a href=\"https:\/\/u1f987.com\/en\/news\/analyst-lays-out-conditions-for-bitcoin-price-correction\">$25,000<\/a> if the asset does not hold above <a href=\"https:\/\/u1f987.com\/en\/news\/analyst-lays-out-conditions-for-bitcoin-price-correction\">$27,000<\/a>.<\/p>\n<p>On March 17, Messari founder and CEO Ryan Selkis predicted the first cryptocurrency would rise to <a href=\"https:\/\/u1f987.com\/en\/news\/messari-ceo-forecasts-bitcoin-to-reach-100-000\">$100,000<\/a> within 12 months.<\/p>\n<p>Before him, Galaxy Digital founder and CEO Mike Novogratz <a href=\"https:\/\/u1f987.com\/en\/news\/novogratz-says-now-is-the-best-time-to-buy-bitcoin\">stated<\/a> that now is the best time to buy digital gold as a hedge against economic headwinds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s move to new highs this year has created the conditions for a quarterly bullish engulfing candle. Historically, this has preceded a strong rally, according to rektcapital.<\/p>\n","protected":false},"author":1,"featured_media":75856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1224,1138],"class_list":["post-75855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-macroeconomics","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75855","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=75855"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75855\/revisions"}],"predecessor-version":[{"id":75857,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75855\/revisions\/75857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/75856"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=75855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=75855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=75855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}