Key points:
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The annual Bitcoin yield and the price metric performed indicate strong long -term support by the holders and suggest that BTC is currently undervalued.
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Standard Chartered estimates a price target for Bitcoin in the area of 110,000 to $ 120,000 for the second quarter of 2025.
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Positive financing rates point to a possible Long Squeeze around $ 90,500.
Bitcoin’s weekly closure (BTC) about $ 94,000 delivered an impressive total annual return of 53.61%. Since the last Halving of Bitcoin in 2024, the market has gone from the euphoric phase of early 2024 to a “mature upward trend” based on on-chain growth, rather than a speculative fever.
Bitcoin’s foundations triumph over fear and speculation
Bitcoin Axel Adler Jr. This indicates that long -term holders are raising the base price faster than speculative price increases, a healthy signal for the cycle.
The negative MVRVs suggests that Bitcoin is quoting below its fundamental value compared to a year ago, a pattern that precedes significant rebounds. This value compression leaves room for greater growth, with analysts pointing to new maximums above $ 110,000 if the demand accelerates.
Similarly, Bitcoin’s price for cohort shows a speculative cousin in cooling, since the cost base of the holders of one month is 5% below the six -month cohort. The current market resembles past phases of accumulation, leaving only five to six weeks to the average point of 180 days when the impulse often accelerates.
This bullish timeline coincides with the prediction of the Chief of Digital Assets of Standard Chartered, Geoffrey Kendrick, who predicted that Bitcoin will reach a new historical maximum of $ 120,000 in the second quarter of 2025, driven by a strategic reallocation of US assets. Kendrick said that a high premium of the US Treasury Bonds. UU., Which correlates with the price of BTC, and trading patterns according to the time of day indicate that US investors are looking for non -American assets since the commercial war of President Donald Trump began on April 2.
Bitcoin’s futures market suggests a “Long Squeeze” below $ 91,000
Bitcoin’s financing rate has become positive, pointing out a domain of long positions while traders bet on price increases above $ 90,000. Between April 24 and 25, Bitcoin’s financing rate became briefly negative, generating discussions about a possible Long Squeeze that could push prices for $ 97,000. However, market dynamics changed with the financing rate becoming positive, which could lead to a long Squeeze.
A Long Squeeze is a market event where a sudden price drop for force to long traders overpaid to selling, amplifying the fall through mass settlements.
Bitcoin prices have fallen 1.58% after the New York market session opened on April 28, and BTC could fall to $ 90,500 in the next few days.
As illustrated in the graph, the bullish impulse is beginning to fade, and BTC could re -test the fair value gap (FVG) between 90,500 and $ 88,750 in the 4 -hour graph.
The price also formed a bearish divergence with the relative force index (RSI) after the price failed to maintain a position above $ 95,000.
This article does not contain tips or investment recommendations. Each investment and trading movement implies risks, and readers must carry out their own research by making a decision.
