Bitcoin
Has The Bitcoin Price Already Peaked?
Published
1 month agoon
By
admin
Bitcoin’s price movements have always been a subject of debate among investors and analysts. With recent market retracements, many are questioning whether Bitcoin has already reached its peak in this bull cycle. This article examines the data and on-chain metrics to assess Bitcoin’s market position and potential future movements.
For an in-depth complete analysis, refer to the original Has The Bitcoin Price Already Peaked? full video presentation available on Bitcoin Magazine Pro‘s YouTube channel.
Bitcoin’s Current Market Performance
Bitcoin recently faced a 10% retracement from its all-time high, leading to concerns about the end of the bull market. However, historical trends suggest that such corrections are normal in a bull cycle. Typically, Bitcoin experiences pullbacks of 20% to 40% multiple times before reaching its final cycle peak.
Analyzing On-Chain Metrics
MVRV Z-Score
The MVRV Z-score, which measures the market value to realized value, currently indicates that Bitcoin still has considerable upside potential. Historically, Bitcoin’s cycle tops occur when this metric enters the overheated red zone, which is not the case currently.
Spent Output Profit Ratio (SOPR)
This metric reveals the proportion of spent outputs in profit. Recently, the SOPR has shown decreasing realized profits, suggesting that fewer investors are selling their holdings, reinforcing market stability.
Value Days Destroyed (VDD)
VDD indicates long-term holders’ sell-offs. The metric has shown a decline in selling pressure, suggesting that Bitcoin is stabilizing at high levels rather than heading into a prolonged downtrend.
Institutional and Market Sentiment
- Institutional investors such as MicroStrategy continue accumulating Bitcoin, signaling confidence in its long-term value.
- Derivatives market sentiment has turned negative, historically indicating a potential short-term price bottom as over-leveraged traders betting against Bitcoin may get liquidated.
Macroeconomic Factors
- Quantitative Tightening: Central banks have been reducing liquidity, contributing to the temporary Bitcoin price decline.
- Global M2 Money Supply: A contraction in money supply has impacted risk assets, including Bitcoin.
- Federal Reserve Policy: There are indications from major financial institutions, including JP Morgan, that quantitative easing could return by mid-2025, which would likely boost Bitcoin’s value.
Related: Is $200,000 a Realistic Bitcoin Price Target for This Cycle?
Future Outlook
- Bitcoin’s price action is showing signs of entering a consolidation phase before another potential rally.
- On-chain data suggests there is still significant room for growth before reaching cycle peaks seen in previous bull markets.
- If Bitcoin experiences further pullbacks to the $92,000 range, this could present a strong accumulation opportunity for long-term investors.
Conclusion
While Bitcoin has experienced a temporary retracement, on-chain metrics and historical data suggest that the bull cycle is not over yet. Institutional interest remains strong, and macroeconomic conditions could shift in favor of Bitcoin. As always, investors should analyze the data carefully and consider long-term trends before making any investment decisions.
If you’re interested in more in-depth analysis and real-time data, consider checking out Bitcoin Magazine Pro for valuable insights into the Bitcoin market.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
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Altcoins
‘Be on Guard’: Trader Says Altcoin Bounce May Be Temporary, Tracks Bitcoin’s Next Targets
Published
10 hours agoon
March 15, 2025By
admin
A widely followed crypto analyst and trader is warning that an altcoin market bounce may end up being short-lived.
In a new post, pseudonymous crypto trader Altcoin Sherpa tells his 243,900 followers on the social media platform X that alts may give up gains after bouncing based on historical precedence.
He also says Bitcoin (BTC) may soon flip $84,000 into support and that the flagship crypto asset could maintain bullish momentum by breaking through the $89,000 level.
“BTC looks like $84,000 is the first test that is going to break (to the upside) and we’re ok in that department. $89,000 would be my next level of interest overall. Alts looking like they’ll give a temporary bounce but not sure how strong (yet). Be on guard.”
Looking at his chart, the analyst suggests that if Bitcoin can regain $98,703 as support, the flagship crypto asset may print new all-time highs.
However, he warns if $78,167 breaks down as support, Bitcoin may plummet into the $60,000 range.
Bitcoin is trading for $84,154 at time of writing, up 4.6% in the last 24 hours.
The analyst also warns that altcoins like the dogwifhat (WIF) memecoin may struggle for a long time to ever regain higher price targets if Bitcoin turns bearish.
“It’s a lot more concerning for sh**coins this go around because BTC might actually be dead for a bit. In the previous drawdown, we had a lot more hope because we assumed BTC still had more upside. If BTC dies to $50,000 or w/e (whatever), these aren’t coming back for a very long time. See WIF.”
WIF is trading for $0.50 at time of writing, up 9.7% in the last 24 hours.
He adds that altcoins may bounce even as they continue to print a bearish lower-high price structure.
“As much as everything is dead and we’re truly in a bear market for altcoins, it’s important to remember that a bounce will come and alts can still do a few x from current levels. Markets don’t move in a straight line down. Bounce coming within the next one to two months in my opinion.”
He shares the two-day chart of Ethereum (ETH) to illustrate the historical precedence of an altcoin bouncing amid a larger downtrend.
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BasicTradingTV
Is Bitcoin Price Headed For $70,000 Or $300,000? What The Charts Are Saying
Published
16 hours agoon
March 15, 2025By
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Bitcoin’s price trajectory has become a significant point of interest in light of the recent downtrend, which has disappointed many bullish traders. According to on-chain analytics platform IntoTheBlock, the recent price crash up to the current price has seen over 6.5 million BTC addresses falling into losses. Still, technical analysis suggests Bitcoin could experience further drops.
The question is whether Bitcoin will test the $70,000 mark before regaining strength or can rebound from here toward a $300,000 price target. Insights from price structure and historical patterns help provide a clearer picture of what’s next.
Bitcoin Price Decline: A Normal Cycle Within Uptrends
Despite concerns over Bitcoin’s recent price swings, crypto analyst Philip (BasicTradingTV) maintains that the market is behaving normally within a long-term bullish structure. He highlights that on the higher monthly timeframe, Bitcoin continues to create higher highs and higher lows and maintains a solid uptrend that dates back to 2017.
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This technical outlook, which was noted on the TradingView platform, comes as a response to concerns about whether BTC is still bullish after the ongoing 25% correction from its recent all-time high.
Traders have been unsettled following the recent drop, but historical trends suggest this kind of movement is part of the market’s natural cycle. According to the analyst, Bitcoin is still forming a bullish market structure, and while short-term fluctuations may continue, the broader uptrend channel from 2017 is still in place. Furthermore, the analyst noted previous instances of 25% and 40% corrections during Bitcoin’s rallies from the lower trendline of this uptrend channel.
What’s Next For BTC? Possible Retest Of Resistance Before Rally To $300,000
With the notion of a long-term uptrend still intact, the analyst noted, however, that Bitcoin could continue its downtrend until it reaches $70,000. This level holds significant importance, as it previously marked Bitcoin’s all-time high before turning into resistance around mid-2024. After multiple attempts, Bitcoin eventually broke through this resistance toward the end of the year, leading to its new all-time high of $108,786 in January 2025.
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As such, this $70,000 level is now a major psychological support zone, making it a key area to watch amidst the ongoing Bitcoin price correction. From here, the analyst predicted a rebound that would send BTC to reach as high as $300,000. “Levels to watch: 70.000, $300.000,” the analyst said.
At the time of writing, Bitcoin is trading at $82,555, having spent the majority of the past 24 hours trading between $79,947 and $83,436. This leaves Bitcoin still about 14% away from testing the $70,000 support level.
However, there is also the possibility that BTC may not drop as low as $70,000 before bullish sentiment takes over once again. If Bitcoin continues to follow the trajectory of past cycles, Fibonacci extensions point to price targets between $150,000 and $300,000.
Featured image from Unsplash, chart from Tradingview.com
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Bitcoin
This Rare Bitcoin Buy Signal Could Ignite Next BTC Rally
Published
16 hours agoon
March 15, 2025By
admin
Bitcoin has been struggling with lower lows in recent weeks, leaving many investors questioning whether the asset is on the brink of a major bear cycle. However, a rare data point tied to the US Dollar Strength Index (DXY) suggests that a significant shift in market dynamics may be imminent. This bitcoin buy signal, which has only appeared three times in BTC’s history, could point to a bullish reversal despite the current bearish sentiment.
For a more in-depth look into this topic, check out a recent YouTube video here:
Bitcoin: This Had Only Ever Happened 3x Before
BTC vs DXY Inverse Relationship
Bitcoin’s price action has long been inversely correlated with the US Dollar Strength Index (DXY). Historically, when the DXY strengthens, BTC tends to struggle, while a declining DXY often creates favorable macroeconomic conditions for Bitcoin price appreciation.

Despite this historically bullish influence, Bitcoin’s price has continued to retreat, recently dropping from over $100,000 to below $80,000. However, past occurrences of this rare DXY retracement suggest that a delayed but meaningful BTC rebound could still be in play.
Bitcoin Buy Signal Historic Occurrences
Currently, the DXY has been in a sharp decline, a decrease of over 3.4% within a single week, a rate of change that has only been observed three times in Bitcoin’s entire trading history.

To understand the potential impact of this DXY signal, let’s examine the three prior instances when this sharp decline in the US dollar strength index occurred:
- 2015 Post-Bear Market Bottom
The first occurrence was after BTC’s price had bottomed out in 2015. Following a period of sideways consolidation, BTC’s price experienced a significant upward surge, gaining over 200% within months.
The second instance occurred in early 2020, following the sharp market collapse triggered by the COVID-19 pandemic. Similar to the 2015 case, BTC initially experienced choppy price action before a rapid upward trend emerged, culminating in a multi-month rally.
- 2022 Bear Market Recovery
The most recent instance happened at the end of the 2022 bear market. After an initial period of price stabilization, BTC followed with a sustained recovery, climbing to substantially higher prices and kicking off the current bull cycle over the following months.
In each case, the sharp decline in the DXY was followed by a consolidation phase before BTC embarked on a significant bullish run. Overlaying the price action of these three instances onto our current price action we get an idea of how things could play out in the near future.

Equity Markets Correlation
Interestingly, this pattern isn’t limited to Bitcoin. A similar relationship can be observed in traditional markets, particularly in the Nasdaq and the S&P 500. When the DXY retraces sharply, equity markets have historically outperformed their baseline returns.

The all-time average 30-day return for the Nasdaq following a similar DXY decline stands at 4.29%, well above the standard 30-day return of 1.91%. Extending the window to 60 days, the Nasdaq’s average return increases to nearly 7%, nearly doubling the typical performance of 3.88%. This correlation suggests that Bitcoin’s performance following a sharp DXY retracement aligns with historical broader market trends, reinforcing the argument for a delayed but inevitable positive response.
Conclusion
The current decline in the US Dollar Strength Index represents a rare and historically bullish Bitcoin buy signal. Although BTC’s immediate price action remains weak, historical precedents suggest that a period of consolidation will likely be followed by a significant rally. Especially when reinforced by observing the same response in indexes such as the Nasdaq and S&P 500, the broader macroeconomic environment is setting up favorably for BTC.
Explore live data, charts, indicators, and in-depth research to stay ahead of Bitcoin’s price action at Bitcoin Magazine Pro.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
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