Bitcoin, the leading cryptocurrency, continues to show an uncertain momentum since it has reached its highest level exceeding $ 109,000 in January 2024.
Since then, digital assets have seen the decrease in decreased bullish activity and fixed downward pressure, which is reflected on the latest price of about 82,000 dollars, which represents a marginal weekly decrease of about 0.6 %.
The effects of the market for the directions of the size ratio
Amid these market conditions, Crypto Dan, an analyst who contributes to the Cryptoquant QuickTake platform, has provided, Visions Highlighting the direction of the prominent market.
According to Dan, the volume of Bitcoin trading over six to twelve months works as an indicator of the amount of capital that enters the cryptocurrency market during the specified market courses.
As shown in the joint plan, the scale is usually subject to two distinct stages of decline: the first signs at the end of the early bull cycle stage, while the second decline, low, is traditionally peak and the subsequent end of the cycle.
Crypto Dan is a insightful look at the investor’s behavior and market morale. Basically, with the decrease in this percentage for the second time, historical patterns indicate that the investor’s interest and speculation activity may begin to break up, which may indicate the culmination of continuous bull running.
Investors usually explain such movements with caution, as the past events are often preceded by great corrections in the market
Technical analysts offered to bitcoin
Technical analysts add additional views on the current situation of Bitcoin. Rektcapital analyst recently Indicate Great developments in the Bitcoin (RSI) (RSI) (RSI) index) – momentum oscillator measures the speed and size of modern price movements to assess excessive purchase or sale.
Rektcapitalt highlighted that the monthly level of RSI of 60 resistance levels represented during its peak in Bitcoin’s dominance in August 2019 and December 2020.
#BTC dominance
RSI 60 (Green) is the peak of Bitcoin’s dominance in August 2019 and December 2020
In previous sessions, RSI was 60 month
In this course, RSI 60 monthly is the ground$ BTC #Crypto #Bitcoin pic.twitter.com/g47ksa33zr
– Rekt Capital (@rektcapital) April 4, 2025
It is worth noting that this course varies, as RSI 60 works as a supporting floor instead of resistance. This change can indicate the ongoing strength and potential flexibility in the price of bitcoin. Meanwhile, Javon Marx, another market analyst, Confirm The bullish chart style is currently formed for Bitcoin.
Marx believes that these signals indicate a large and imminent gathering, indicating that although the current market is still strong, the basic indicators are still strong, which hints to the upscale momentum in the future. He argues that investors who ignore these patterns may soon have to recognize a large upward price.
Just another warning of us that bitcoin can get a large bull soon.
They can ignore the signs they want, but they are there and soon, they may have no choice but to face the main results.
almost.$ BTC pic.twitter.com/68ceduyfu5
Javon
Signs (@javontm1) April 4, 2025
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