A new 'golden cross' has appeared on Bitcoin's daily chart, a technical pattern that has historically preceded significant price increases. Analysts are closely watching, as similar patterns in the past have led to gains exceeding 2,000%.
Ethereum is showing momentum against Bitcoin, with a potential 30% rally. Breaking key resistance levels and increasing institutional adoption are fueling the rise. Analysts predict further gains, with ETH targeting higher price levels.
A Bitcoin analyst predicts a potential Christmas rally, pushing Bitcoin between $200K and $300K, based on the 'power law' model. Bitcoin has already rallied by 10% in July, reaching new highs at $118,600, and this could be just the beginning of a parabolic rally.
A Bitcoin analyst warns that time is 'running out' for another parabolic rally, citing technical indicators and the four-year cycle. Despite short-term volatility, the long-term outlook remains strong, with potential price targets between $280,000 and $530,000 if the historical pattern repeats.
Bitcoin price rallied 80% the last time BTC funding rates flipped red. A large cluster of potential short liquidations near $111,320 could trigger a squeeze to accelerate Bitcoin's next leg higher into price discovery.
Bitcoin rallied to $109.7K, but professional traders question the price momentum. Despite the rally, data suggests traders remain cautious, raising questions about the sustainability of the rally.
Bitcoin set a new record monthly close at $107,000, with analysts predicting a further 9% rally in July. The rise is supported by positive geopolitical developments and increased investor confidence.
Bitcoin's 'demand generation' phase mirrors the 2022 market bottom, suggesting potential bullish momentum. On-chain data indicates significant stablecoin accumulation, similar to that seen post-LUNA and FTX collapse, hinting at a possible start of a new Bitcoin rally.
