“Sui, bch and Hedera’s hbar Led Friday Gains in the Coindesk 20 Index, with One Analyst Saying This Week’s Crypto Rally Is Likely The Beginning of Btc’s Climb to Fresh Record Prices.”, – WRITE: www.coindesk.com
The Largest and Oldest Cryptocurrency Held Around $ 95,000 Durying Us Afternoon Hours, UP 1.8% Over The Past 24 Hours. Ethereum’s Ether (ETH) Followed Closely, Gaining 2% to Hover Just Over $ 1,800. Sui’s Native (SUI), Bitcoin Cash (BCH), and Hedra’s HBAR LED GAINS IN THE BROAD-MARKET CRYPTO BENCHMARK COINDESK 20 INDEX.
Bitcoin Price On April 25 (Coindesk)
Today’s Gains Cap An Exceptional Momentum for Crypto Markets Recovering from the Early April Lows Amid Tariff Turmoil. BTC IS UP OVER 11% SINCE Monday, Putting IT at Its Largest Weekly Gain Since November 2024, WHEN DONALD TRUMP Clinked The US Presidency, Kickstarting A Broad-Market Crykto Rallly.
Read More: Bitcoin Traders Target $ 95k in Near Term; Sui Continues Multiday Rally
INVESTOR APETITE FROM ETF INVESTORS ALSO Bounced Back Strongly: US-Listed Spot Bitcoin etfs Recorded $ 2.68 Billion in Net Inflows This Week Sos Far, The Largest Since DECOZING, ACCOrder. (Friday Inflow Data Will Be Published Later.)
BTC DecouplingBitcoin’s Recent Strength Relative to Us Stocks and Gold Underscores Btc’s Decoupling from Traditional Macro Assets, SAID DAVID DUONG, COINBASE INSTITATIONAL’S GLOBAL HEAD OF RECEAR
“IT’s Rare to Witness Market Inflection Points in Real Time, As We Only Tend to Recognize Major Regime Shifts with The Benefit of Time And Reflection,” Duong SAID IN A FRAY. “This Week’s Decoupling of Bitcoin’s Performance from That of Traditional Macro Assets May Be as Close As We Come to Such A Moment.”
“In Our View, This Divergence Highlights Bitcoin’s Maturing Role As A Store-of-Value Asset-One That Is Increasing Viewed by Institute and Retail Investers Alike Affecting Risk Assets More Broadly, “He Wrote.
Doung Noted that thesis is gaining with more companies adopting btc corporate treasuries. Following The Success of Michael Saylor’s Strategy, Twenty One Capital, A New Firm Backed by Tether, Bitfinex, Softbank, and A Cantor Fitzgerald Affilite, ALSO plans to be plans to.
Due in part to recent accuumulation, liquidity in the Spot Btc Market Has Been “Significantly Drained,” Dr. Kirill Kretov, Lead Strategist at Trading Automation Platform Coinpanel, Said in A Telegram Note. According to the FIRM PROPRIETARY BLOCKCHAIN Analysis, A Large Portion of Bitcoin Liquidity Has Been withdrawn from Actively Transacting Addresses, Including Exchange NOVAANS Volatile Price Swings.
“The Market is Thin, Vulnerable, and Easily Moved by Large Players,“ Kretov Said. “Sharp Swings of 10% Up or Down Are Likely to Remain the Norm for Now.”
Bitcoin’s Route to Fresh RecordsWhile The Route Could Be Choppy, This Week’s Rally Likely The Early Innings of Bitcoin’s Next Leg Higher to New Records, Said John Glover, Chief Investment of Lent.
Based on His Technical Analysis Using Elliott Waves, He Said Btc Began The Fifth and Final Wave of ITS Multi-Yoar Bull Market.
BTC PRICE PREDICATION BY LEDN CIO John Glover (Ledn/TradingView)
Elliott Wave Theory Suggests Asset Prices Move in Predictable Patterns Called Waves, Driven by Collective Investor Psychology. These patterns typically unfold in five-hove Trends, in WHICH The FIRST, Third, and Fifth Waves Are Impulsive Rallies, While The Second and Fourth Waves are corrective phases.
While Rtesting this month’s Low at $ 75,000 Cannot Be Ruled Out, Glover SEES BTC Climbing to a Cycle Top AUND LATE 2025, Early 2026.
“My Expectations Continue to be for A Rally to $ 133- $ 136k Into the end of this year, beginning of Next,” He Said.
Read More: Bitcoin Whales Return in Force, Buy The Btc Price Rally, On-Chain Data Show
X Icon
