So, you’ve heard the whispers, right? The crypto world has been buzzing with excitement, and Swissblock, an analytics firm that clearly knows its way around the world of Bitcoin (BTC), has come to a rather shocking conclusion: the dreaded bearish trend might actually be on its way out.
Yes, you read that right. According to Swissblock, Bitcoin’s “bearish structure” is not just struggling; it’s crumbling. Apparently, the big bad bear has been shoved aside as Bitcoin breaks free from a bearish compression pattern and tumbles into a delightful little thing called a bullish quadrant. Sounds fancy, doesn’t it? Well, it is! It’s the kind of price zone that gets analysts all hot and bothered, suggesting upward momentum—because who doesn’t love a little upward movement in their life? 😏
“Historically, this signals more upside, even a brief dip won’t stop it.” Translation: there might be a tiny hiccup, but don’t worry. Bitcoin’s got this. And it’s going to rise like that one friend who insists they’ll “only be five minutes late” to dinner, but you know they’re probably just getting started.
In an interesting turn of events, Swissblock points out that Bitcoin has been behaving rather calmly this week, especially when the rest of the equity market was throwing a tantrum and plummeting. It seems like Bitcoin is the grown-up at the party, staying cool as equities slink away in fear. The analytics firm also hints that a “low-risk regime” is on the horizon. Translation: it’s the perfect setup for our beloved crypto king to make a move. But don’t get too excited just yet—Bitcoin might drop by a measly 5% before it shoots to the moon. Hold on tight to your wallets, folks! 💸
And here’s where things get interesting: the long-term Bitcoin holders are holding strong. No panic selling, no freak-outs over the “bigger-than-you-think” crashes. According to Swissblock’s data, the worst sell-off from long-term holders has already passed. In fact, it wasn’t even as bad as the July-August 2024 situation. Remember that? No? Well, lucky you. It was bad.
And those whale-sized wallets? Oh, they’re back. The Bitcoin whales, that is—those big, mysterious holders who can move the market with a flick of their tail. According to Swissblock, their Bitcoin holdings are at a one-year high, after they started accumulating again this month. They’re like sharks circling the water, getting ready to strike. But they’re playing it cool, waiting for the perfect price.
“Whales are back, nearing all-time high BTC holdings since the halving.”
“Strong hands are accumulating faster, holding price but, of course, waiting for the best bid.”
Oh, and in case you missed it, the fourth Bitcoin halving happened on April 19th, 2024. So, no big deal, just another milestone in Bitcoin’s saga. As of now, Bitcoin is hanging out at $84,490. Not bad, not bad at all.
Read More
- Lucky Offense Tier List & Reroll Guide
- Best Crosshair Codes for Fragpunk
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
- League of Legends: The Spirit Blossom 2025 Splash Arts Unearthed and Unplugged!
- ‘Severance’ Renewed for Season 3 at Apple TV+
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- How To Find And Solve Every Overflowing Palette Puzzle In Avinoleum Of WuWa
- Skull and Bones Year 2 Showcase: Get Ready for Big Ships and Land Combat!
- Unlock Every Room in Blue Prince: Your Ultimate Guide to the Mysterious Manor!
- Russian Twitch Streamer Attacked in Tokyo as Japan Clamps Down on Influencer Behavior
2025-04-18 15:02