Bitcoin Bulls Poised For Action As Market Flashes Bullish Divergence—Details
17 Março 2025 - 6:00PM
NEWSBTC
Market watchers have taken notice of Bitcoin’s recent price swings
after a notable surge in transactions from affluent individuals.
Market observers think that this might lead to a brief price spike,
even while larger economic worries still throw a shadow over the
cryptocurrency scene. Crucial price levels that can signal the next
big rise in Bitcoin are the focus of traders’ attention. Related
Reading: XRP $15 Breakout? Not A Far-Fetched Idea—Analysis Whale
Movements Show Interest In Buying According to reports, Bitcoin
whales—those legendary beings with huge cryptocurrency
fortunes—have been remarkably busy in the past several months.
Because these market movers rarely make impulsive purchases, their
accumulation patterns usually come before price increases.
According to recent blockchain statistics, there has been a
significant increase in the purchase of Bitcoin, which could
stimulate good market vibe. Prices of Bitcoin have responded
majorly to the displayed Regular Bullish Divergence pattern and
this suggests that bears are weakening and that bulls can be coming
to take even more control! These patterns can signal major bullish
reversals 👀…$BTC https://t.co/aR2BwrEwzd pic.twitter.com/KIUiwH9Vb1
— JAVON⚡️MARKS (@JavonTM1) March 16, 2025 Recently, Javon Marks,
who spends his time analyzing on-chain indicators, highlighted a
“bullish divergence pattern.” This happens when technical
indicators like the Relative Strength Index rise as the price of
Bitcoin falls—a market contradiction that usually anticipates price
reversals. There are numerous traders who interpret this
discrepancy as the market murmurs information regarding an imminent
rebound. Bitcoin’s Objective: To Hit $100k Despite weeks of
sideways and downward price action, numerous market veterans
believe that Bitcoin may be preparing for another attempt to breach
the elusive $100,000 threshold. Historically, whale accumulation
has occurred during price declines prior to the commencement of
significant rallies. So here’s the way I remember the rules
working. Close between 80K and 84K means the rally can continue
from here … probably up to 100K by month-end. If it closes at 84K
exactly, we run the table … HISTORIC moves. Above 84K —> we slip
back down and the rally fails.… https://t.co/phh3Rz5L16 — Josh Man
(@JoshMandell6) March 14, 2025 Bitcoin’s long-term outlook is still
optimistic, nevertheless. A well-known analyst and millionaire with
over 79,000 followers on X, Josh Mandell, claims that if the price
of Bitcoin closes above $84,000 at the end of the month, it may hit
$100,000. Meanwhile, market mood is still clearly erratic. While
day traders are always changing their approach, HODLers see today’s
prices as tomorrow’s deals. But the possibility of a macroeconomic
storm clouds keeps many investors from fully committing themselves.
Related Reading: Bitcoin To $10,000? Top Analyst Issues A Stark
Warning FOMC Meeting The next FOMC meeting could have a big
influence on the direction of Bitcoin. On the calendars of
speculators, the forthcoming Federal Open Market Committee meeting
marks a major event since it might either lead Bitcoin to climb or
fall depending on interest rate policies. Any sign of financial
easing could act as a trigger for the explosive expansion of risk
assets including Bitcoin. On the other hand, the existence of
hawkish signals could help to reduce the excitement about
cryptocurrencies. Market players are closely examining every
Federal Reserve statement in quest of signals about the future
direction of Bitcoin. Featured image from Gemini Imagen, chart from
TradingView
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