The Bitcoin price has jumped more than 260 % since October 2023, and many wonder if there is still room for height. In a video clip, the Crypto Gerhard-Bitcoin expert, with more than 136,000 subscribers, divided what is happening behind the scenes, using data on the chain and market signals to help answer this precise question.
One of the main things that Gerhard refers to is “the risk ratio on the sale aspect.” When this number is high, this means that we are approaching the top, investors in a profit, and they may start to exchange. When it is low, this usually indicates the opportunity to buy. Currently, this ratio is still low, and the momentum picks up.
The majority of Bitcoin supplies are still kept by long -term investors. These are the people who tend to buy when prices drop and sell them in large marches. According to the video plans, there was some sale in April 2024 on the mark of $ 70,000 and again near $ 100,000. But recently, there has been not much sale. This indicates that long -term holders still see the value at the current levels.
Stablecoin dominance and market morale
GERHARD also takes a closer look at Stablecoins to measure the confidence of investors. The total market value of Stablecoins increased to $ 240 billion, and stablecoin fell, which shows the amount of sitting in the market in cash. This usually means that people return to more dangerous origins such as bitcoin.
Although the revenues in Defi are now low (only 2.5 % to 2.9 % for the stablecoins contract), the capital continues to flow to encryption. Why? Not for the sake of return, but because investors expect prices to continue. Since the upscale market was overturned last October, the maximum Stablecoin market increased by 85 %, indicating that there is still a lot of attention.
What is the bullish trend from here?
Gerhard believes that there is still room for seven bitcoin to climb more. It refers to the previous sessions and the current market conditions to propose a difficult goal ranging from $ 130,000 to 150,000 dollars. Although the higher path is never smooth, short -term declines from 20 % to 30 % are common, long -term setting is still intact.
It also confirms that attention plays a major role. With more media coverage, retail interests grow and prices often push high levels. However, this stage ultimately cools, and often followed by the corrections driven by short -term holders.
Moreover, Ethereum began to show signs of life as well. Her hegemony is now returning to the place where he was in late 2019, and some see some indicating that the price of ETH has found a hall. However, the dominance of Bitcoin rises, and history tells us that Altcoins usually does not collect until Bitcoin dominates the peak, often about 70 %. To date, investors at Altcoin may want to keep patient.
Follow the wallet from the inside and the effect of the market
Another large part of Gerahard’s collapse is to track the wallet. Some of the largest revenue in encryption comes from the discovery of small symbols before they explode. One way to do this is to watch what the main and informed influencers buy.
She gained symbols like Kek and large Virtual after they were captured early with famous names such as Brian Jung and Cryptobanter. Using Blockchain tools, ordinary investors can now track these portfolio movements in actual time and get strong plays.
Also read: Will the Bodied Penguins reach $ 0.10? Experts break the possibility of the penguin price
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