Bitcoin (BTC) Getting Ready to Surge? Latest Analysis Shows Upside Potential According to Analysts!

Jakarta, Pintu News – Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- is currently showing strong signals for a possible bullish trend. Despite a price drop of 0.02% in the last 24 hours with a current price of $84,347.65, technical and fundamental analysis suggests that Bitcoin (BTC) may be due for a significant price surge. Factors such as an increase in the number of transactions and address activity, as well as a strengthening NVT Golden Cross indicator, further strengthen this outlook.

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) seems to be preparing to break out of the descending wedge pattern that has limited its price movement since the beginning of this year. This pattern, if successfully broken, could signal the beginning of a strong uptrend. Although the latest price drop is very small, the current market structure and growing interest from investors could be the combination that triggers a price increase.

This pattern is often interpreted as an indication that the price is about to reverse from a downtrend to an uptrend. If Bitcoin (BTC) manages to break through the existing resistance, it could pave the way for further price increases, possibly reaching new records in the coming months.

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Bitcoin (BTC) Address and Transaction Statistics

Data from CryptoQuant shows a significant increase in Bitcoin (BTC) address activity, with a 0.96% rise to a total of 8.7151 million active addresses. This increase signifies that more users are getting involved in the Bitcoin (BTC) network, from both retail and institutional investors.

This indicates an increased interest that could push the price higher. In addition, the number of Bitcoin (BTC) transactions also saw a surge of 1.66%, totaling 498,797K transactions.

This increase suggests that demand for Bitcoin (BTC) remains strong, which could support potential price increases. The combination of increased address activity and transaction amounts suggests that the Bitcoin (BTC) market is healthy and dynamic.

Bitcoin (BTC) Golden Cross NVT Significance

One often overlooked yet important indicator is the NVT Golden Cross, which has increased by 34.58%. This indicator measures the value of the Bitcoin (BTC) network compared to transaction activity to assess whether the asset is overvalued or undervalued. A significant rise in the NVT Golden Cross suggests that Bitcoin (BTC) may currently be undervalued, signaling a potential price increase.

This indicator provides a deeper perspective on the fundamental health of Bitcoin (BTC) and is often used by analysts to predict long-term price movements. Under current conditions, the NVT Golden Cross indicates that the time is right for investors to consider Bitcoin (BTC) as a potential investment asset.

Conclusion

Looking at factors such as increased Bitcoin (BTC) acquisitions, heightened network activity, potential technical breakouts, and a favorable NVT Golden Cross, all signs suggest that Bitcoin (BTC) may be entering a bullish phase in the near future. Investors who take advantage of this situation may see growth in the value of their investments, along with Bitcoin’s (BTC) potential to reach new highs.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Bitcoin: 172k BTC acquisition could trigger a bullish trend, how?. Accessed on March 25, 2025
• Featured Image: Generated by AI