Bitcoin’s US Exchange Surge Signals Potential $90K Rally in 2025!
If U.S. cryptocurrency exchange platforms regain control over Bitcoin’s (BTC) transaction volume in the mid-2025 period, this development might trigger a surge or upward trend in Bitcoin’s price during the second half of that year.
Bitcoin analyst Axel Adler Jr noted that the “US to off-shore exchange ratio,” a measure of token transfers between U.S.-controlled and foreign platforms, showed a decrease in the influence of U.S. exchanges following Bitcoin’s record high in January.
According to the graph, it appears that a change in direction (reversal) for Bitcoin transactions on U.S. exchanges is happening. This trend mirrors the surge in trade volumes seen during past bull markets.
In simpler terms, when the 90-day average line on a chart crosses above the 365-day average line, it’s often a sign of a significant increase in price. Historically, this pattern has been followed by strong price increases. For instance, such a signal at $60,000 for Bitcoin led to a rise within a week. This could indicate a possible price spike in the upcoming weeks.
Similarly, Boris Vest, a trustworthy onchain analyst, stated that Bitcoin remains underpriced based on his analysis shared on CryptoQuant. He pointed out that the amount of Bitcoin held on exchanges has dropped to levels last seen in 2018, with only about 2.43 million BTC currently stored, compared to around 3.4 million BTC in 2021. This trend suggests increased long-term holding and a decrease in available supply, implying that Bitcoin might be undervalued at its current price.
The Bitcoin stablecoin supply ratio (SSR), currently standing at 14.3, indicates a substantial amount of buying potential still exists, given that this ratio is lower than the levels seen in 2021. In simpler terms, Boris explained, it means that there’s more room for purchasing compared to last year’s figures.
“Since it hasn’t yet reached 2021 levels, we can say that Bitcoin still appears to be undervalued. This suggests the bull market and buying pressure are likely to continue.”
Bitcoin flips key monthly indicator, opening a path to $90K
Market analyst Dom pointed out that Bitcoin’s recent breakout from a multi-month downtrend occurs at the same time as the BTC’s monthly Value Weighted Average Price (VWAP) shifting to provide support, marking the first such instance since January.
The Volume-Weighted Average Price (VWAP) is a tool employed by traders to determine the typical price, considering the amount of trades made, rather than just the number of trades. They utilize VWAP to spot changes in trends, identify potential levels of support or resistance, and evaluate whether an asset may be excessively bought or sold.
Dom said,
“Bulls have successfully held both of these levels for 4 days now, something we haven’t seen in months. A move above yesterday’s high and I think BTC runs near 90k.”
Nevertheless, João Wedson, founder of Alphractal, remained prudent as Bitcoin neared $86,000. He advocated for patience if Bitcoin surpasses this mark, suggesting that a correction could occur, or bearish sentiment might dominate. This stance aligns with Alphractal’s prediction that $86,300 serves as a significant resistance area, which could potentially transform into a bull trap.
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2025-04-16 22:09