A market intelligence firm says that Bitcoin ( BTC ) is flashing signs of an upcoming rally to the upside. In a new thread on the social media platform X, the crypto analytics firm Bitcoin Vector tells its audience that liquidity cautiously returning to the top crypto asset by market cap is a sign of an upcoming bull market. “The signal we’ve been waiting for: Bitcoin liquidity has shown its first meaningful expansion in June after reaching a three-year low. With BTC consolidating below its ATH, liquidity supports any sustained upside. While not a breakout, it’s a constructive shift. Capital is cautiously returning, laying the groundwork for the next leg.” Source: Bitcoin Vector/X According to the crypto intelligence firm, BTC is displaying a pattern that has historically led to gains. “Structure shift + price momentum: a duo we want to see. A potential Bitcoin leg up begins with this setup: Bullish momentum + structure shift confirmation (highlighted in blue). We just triggered the same pattern again. This setup historically leads to strong upside.” Source: Bitcoin Vector/X Bitcoin Vector goes on to note that the crypto king has been outperforming Ethereum ( ETH ) – the second-largest digital asset by trading volume – over the last year, meaning that ETH is now “undervalued and under-owned” and in “catch-up mode.” “Over the past year, BTC outperformed ETH massively: BTC rose +74% while ETH fell -28% But that strength has come at a cost BTC’s dominance is stretched, while ETH is now under-owned, undervalued, and in catch-up mode. Rotation season is near.” Source: Bitcoin Vector/X Bitcoin is trading for $107,140 at time of writing, while Ethereum is valued at $2,434, both marginal increases on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post ‘The Signal We’ve Been Waiting For’: Analytics Firm Says Bitcoin Laying the Groundwork for the Next Leg Up appeared first on The Daily Hodl .
