Cardano

Bitcoin

Momentum

<p>The post <a href="https://coinpedia.org/news/critical-metric-signals-bitcoin-rally-possible-800-price-explosion-ahead-say-ali-martinez/" rel="noopener noreferrer nofollow">Critical Metric Signals Bitcoin Rally, Possible 800% Price Explosion Ahead, Say Ali Martinez</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Crypto analyst and trader Ali Martinez have taken to Twitter to share an optimistic outlook on Bitcoin, highlighting another bullish confirmation signal. He observes a positive trend for Bitcoin (BTC) through the realized price metric, indicating potential market growth.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-bullish-momentum">Bitcoin’s Bullish Momentum</h2>
<p>According to Martinez, this particular bullish signal has proven its potency over the past three years, consistently driving Bitcoin to achieve remarkable new price highs.&nbsp;</p>
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   <p lang="en" dir="ltr">Just in case you need another bullish confirmation signal!<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Realized Price is now surpassing the Long-Term Holder Realized Price, indicating that the <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> market is gaining momentum, with newer investors willing to buy at higher prices. <br><br>This can be seen as a… <a href="https://t.co/emeUZzkS5l" rel="noopener noreferrer nofollow">pic.twitter.com/emeUZzkS5l</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1732361283821764720?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 6, 2023</a>
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<p>The realized price represents the average price of all circulating Bitcoins, calculated by their last movement, while the long-term holder realized price focuses on the average acquisition price of Bitcoins untouched for at least five months.</p>
<p>Meanwhile, Martinez interprets this development as a bullish sign, suggesting a growing influx of new investors willing to buy at higher prices. He states, “The crypto market is gaining momentum, with newer investors willing to buy at higher prices.&nbsp;</p>
<p>This can be seen as a bullish sign, showing confidence in BTC’s future performance. The last three times this happened, BTC skyrocketed 12,736%, 4,474%, and 819%, respectively.” Bitcoin is currently priced at $43,697, as per <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*h31cne*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcwMjAxMzc2Ny40OS4xLjE3MDIwNDEwNjguMC4wLjA.&amp;pk_vid=54976fb381ef2c0e1702041072cf80e5" rel="noopener noreferrer nofollow">coinpedia news</a>.</p>
<h2 class="wp-block-heading" id="h-cardano-ada-potential-price-surge">Cardano (ADA) Potential Price Surge</h2>
<p>Martinez shifts attention to Cardano (ADA), identifying parallels in its current trajectory with the period from 2018 to 2020, excluding the impact of the COVID-19 downturn.&nbsp;</p>
<p>ADA, currently the ninth-largest crypto asset, could potentially rally by approximately 72% if it maintains its existing pattern. Martinez suggests that if ADA adheres to the observed pattern, there’s a likelihood of breaking through the $0.45 resistance level.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> is on track! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> price movement is echoing its 2018-2020 trajectory, minus the COVID-19 downturn. If this pattern holds, we could see <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ADA</a> punching through the $0.45 resistance soon.<br><br>What's next? A potential rally to $0.75 by late December! <a href="https://t.co/aJ05l0sx3P" rel="noopener noreferrer nofollow">https://t.co/aJ05l0sx3P</a> <a href="https://t.co/GJOPU6TfM7" rel="noopener noreferrer nofollow">pic.twitter.com/GJOPU6TfM7</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1732647341918675313?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 7, 2023</a>
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<p>Meanwhile, Cardano is trading at $0.5186 with a market capitalization of $18 Billion.</p>

Critical Metric Signals Bitcoin Rally, Possible 800% Price Explosion Ahead, Say Ali Martinez

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