Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13284
Markets: 101239
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Moralis Money
Market Cap
24h Vol
13284
Cryptocurrencies
63.71%
Bitcoin Share
BitcoinSistemi 2025-05-01 11:22:08

Analysts Explain! "Bitcoin (BTC) Is Poised for an Explosive Rise! Keep an Eye on These Two Things!"

Analysts Explain! "Bitcoin (BTC) Is Poised for an Explosive Rise! Keep an Eye on These Two Things!"

Leading cryptocurrency Bitcoin (BTC) has experienced a rapid recovery in recent weeks after months of sharp decline. While BTC rose above $95,000, the total cryptocurrency market value approached $3 trillion. At this point, while Bitcoin is consolidating between $93,000 and $95,000, analysts think that BTC is preparing for an explosive rise. Analysts generally predict that prolonged consolidation and negative funding rates could lead to a strong bullish move in Bitcoin, while macroeconomic factors could also influence market sentiment. Friday's Data is Important! Speaking to Coindesk, FxPro analyst Alex Kuptsikevich said that prolonged consolidations are good for Bitcoin and set the stage for an upward breakout. Stating that Friday's non-farm payrolls and unemployment data are very important for the rise, the analyst said that a global catalyst is needed for the rise: “Such long consolidations typically build strength for further upside. The next big trigger is likely to be Friday’s labor market data. Also, over the last five days, the market has been trading in a very tight range and has shown a tendency towards shallower declines. “For a boom, global positivity is needed. If that happens, it will pave the way for a rally to $3.5 trillion.” Bullish Signals Are Increasing For Bitcoin! WOO X research head Pat Zhang also made similar predictions, saying that consolidation is preparation for Bitcoin’s rise. Zhang also stated that funding rates in BTC have been negative for the last week, and that this situation is rare and is interpreted as a bullish signal. “BTC continues to experience volatility, forming a consolidation range between $93,000 and $95,000 since April 25, and is gaining momentum for a potential breakout. “Furthermore, the average funding rate for BTC has been negative over the past week, a rare occurrence and indicative of intense whale activity and a potential rally both on and off exchanges.” Noting that in the last two years, funding rates for Bitcoin have only been negative four times, the analyst said that these were “September 19 – September 22, 2023, October 20 – October 27, 2023, August 16 – August 24, 2024, and September 10 – September 17, 2024” and that this rate should be followed. “Following these periods of negative funding rates, BTC has experienced strong bullish trends. This, supported by whale accumulation, suggests that BTC may be preparing for a potential bullish move.” *This is not investment advice. Continue Reading: Analysts Explain! "Bitcoin (BTC) Is Poised for an Explosive Rise! Keep an Eye on These Two Things!"

Most Read News

https://www.digistore24.com/redir/325658/ceobig/
Market Cap
24h Vol
63.71%
Bitcoin Share
743
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.