Rally

Kaspa

Millions

Show

<p>Decrypting opportunities in Bitcoin’s market cycles is crucial to capitalizing on emerging trends early. In a constructive development, top analysts spot both technical and fundamental signals turning favorable for a continued BTC price surge.</p> 
<h2 class="wp-block-heading" id="strong-repeating-historic-roadmap-strong"><strong>Repeating Historic Roadmap</strong></h2> 
<p>As independent market observer Cryptocon <a href="https://twitter.com/CryptoCon_/status/1757450790916988961" target="_blank" rel="nofollow">notes</a>, Bitcoin has traded eerily in line with the 20-week exponential moving average (EMA) during each cycle throughout history. After breaking above and then back below this dynamic support, BTC tackles it once more in a larger rally.</p> 
<p>Zooming in, a false breakdown forms where Bitcoin narrowly avoids officially retesting average support. Veteran investors will recall this exact pattern from previous secular bull runs.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="554" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-1024x554.png" alt="" class="wp-image-438020" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-1024x554.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-300x162.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-767x415.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-1536x831.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-2048x1108.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-277x150.png 277w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-647x350.png 647w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-507-788x426.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Cryptocon believes since the latest pullback bounced neatly off the 20-week EMA, another false retest might be in progress, signaling sparse remaining downside. The next milestone per the roadmap is initiating Bitcoin’s second leg higher, targeting fresh record highs.</p> 
<h2 class="wp-block-heading" id="strong-bullish-structure-builds-strong"><strong>Bullish Structure Builds</strong></h2> 
<p>Analyzing high-timeframe charts, popular analyst BitQuant <a href="https://twitter.com/BitQua/status/1757701377004871946" target="_blank" rel="nofollow">concurs</a> that Bitcoin’s existing market structure points firmly higher. The lack of major daily pullbacks amidst an inclining series of higher price peaks highlights an extremely limited appetite for the downside. BitQuant mentioned that Bitcoin below $50k is done.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="485" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-1024x485.png" alt="" class="wp-image-438028" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-1024x485.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-766x363.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-1536x728.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-2048x970.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-739x350.png 739w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508-788x373.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-508.png 1125w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>BitQuant notes that trading counter to such a robust primary trend comes packed with peril even for experienced short-term operators. With fundamentals like network security and community momentum strengthening as well, the risks of fighting the rally outweigh any stretched technical readings.</p> 
<p>He forecasts this rally ultimately pushing Bitcoin towards $74,000 if key milestones keep getting achieved ahead.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<h2 class="wp-block-heading" id="strong-institutions-tip-toe-in-strong"><strong>Institutions Tip-Toe In</strong></h2> 
<p>Adding legitimacy, Apollo Sats co-founder Thomas <a href="https://twitter.com/thomas_fahrer/status/1757693048811814943" target="_blank" rel="nofollow">stated</a> that fresh institutional participation became apparent via Blackrock’s high-profile Bitcoin ETF, which accumulated almost 95,000 BTC worth over $4 billion in its debut month. </p> 
<p>Despite some analysts questioning whether such inflows prove sustainable, history shows higher prices begetting more demand, especially from bigger participants.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="750" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-1024x750.png" alt="" class="wp-image-438012" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-1024x750.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-300x220.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-767x562.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-1536x1126.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-2048x1501.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-205x150.png 205w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-100x73.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-478x350.png 478w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506-788x577.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-506.png 977w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>So with technical, on-chain, and sentiment indicators aligning, Bitcoin appears on the cusp of a renewed surge. Cautiously tracking critical supports is essential, but the path of maximum probability trends upwards by most measures.</p> 
<p>Bitcoin has surpassed the $51,000 level and regained the $1 trillion market cap, according to the latest data. BTC is also up by 3% in the last 24 hours.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/when-will-kaspa-kas-hit-1/" target="_blank" rel="noreferrer noopener">When Will Kaspa (KAS) Hit $1?</a></li> 
 <li><a href="https://captainaltcoin.com/bitcoin-pre-halving-rally-has-begun-but-ethereum-and-altcoins-will-follow-btc-heres-why/" target="_blank" rel="noreferrer noopener">Bitcoin Pre-Halving Rally ‘Has Begun,’ but Ethereum and Altcoins Will Follow BTC – Here’s Why</a></li> 
 <li><a href="https://captainaltcoin.com/best-altcoins-to-collect-before-the-bitcoin-halving-which-of-these-altcoins-could-surge-in-2024/" target="_blank" rel="noreferrer noopener">Best Altcoins to Collect Before the Bitcoin Halving: Which of These Altcoins Could Surge in 2024?</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/bitcoin-below-50k-is-done-analyst-shares-key-btc-pattern-that-plays-out-every-cycle/">‘Bitcoin Below $50K is Done’, Analyst Shares Key BTC Pattern That Plays Out Every Cycle</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

‘Bitcoin Below $50K is Done’, Analyst Shares Key BTC Pattern That Plays Out Every Cycle

Table of Contents

CaptainAltcoin

Other articles published on Feb 14, 2024

Why Is SelfKey Price Up By 47%? Analyst Says KEY is The Next SUPER

Ethereum stakers among recipients as Starknet readies ecosystem token distribution

Andrei Grachev’s Investment Boosts PROM Token Value

Bitcoin Resilience and Altcoin Predictions

Unlocking Bitcoin’s Potential: Halving Event Set to Propel Price to $200K?

Digitex Futures Exchange CEO indicted for violating Bank Secrecy Act

Join our free newsletter for daily crypto updates!