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BitcoinSistemi 2025-04-20 07:04:07

Analytics Company Shares New Study Claims to Predict the Next Move in Bitcoin (BTC) Price

Analytics Company Shares New Study Claims to Predict the Next Move in Bitcoin (BTC) Price

Cryptocurrency analysis platform Alphractal stated that sudden drops in correlation between Bitcoin and altcoins could be a sign of sharp fluctuations in the market. According to the company's statement, such correlation declines, especially observed on daily or hourly charts, indicate critical moments when the market may deviate from its usual direction. According to Alphractal’s analysis, historically, markets have experienced significant movements when correlations have fallen. The company has highlighted three key patterns: If Bitcoin moves sideways after a few days of bullishness and altcoin correlation drops, this is usually a sign of a market-wide price decline. If Bitcoin shows signs of recovery after falling for several days and the correlation falls again, it could signal that the downtrend is not over yet. If altcoin correlation remains high (around 1) while Bitcoin moves up or down, this may indicate that the market is in the process of consolidation or following a clear trend. Related News: Switzerland Has a New Development on Bitcoin Adoption - Slowly Becoming a BTC Country Alphractal said that altcoins typically diverge from Bitcoin only briefly, which can leave many investors confused. “These moments often result in heavy liquidations and altcoin tops or bottoms,” the firm said. The graph shared by Alphractal showing the correlation between altcoins and Bitcoin and the Bitcoin price. *This is not investment advice. Continue Reading: Analytics Company Shares New Study Claims to Predict the Next Move in Bitcoin (BTC) Price

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https://www.digistore24.com/redir/325658/ceobig/
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