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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-anticipates-bitcoin-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Anticipates Bitcoin Price Surge</a><br></p>
<p style="text-align: justify">Checkmate, a prominent on-chain analyst, has predicted a significant price movement for <a href="https://en.bitcoinhaber.net/bitcoin-etf-movements-indicate-market-tremors" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) following a prolonged consolidation period. This insight was shared with his followers on the social media platform X, where he emphasized a crucial on-chain metric that indicates Bitcoin could soon break out of its current phase.</p>
<h2 id="what-causes-sell-side-risk-ratio-to-drop">What Causes Sell-Side Risk Ratio to Drop?</h2>
<p style="text-align: justify">Checkmate’s analysis centers on the sell-side risk ratio for short-term holders, which is rapidly decreasing. This metric reveals that sellers who have held Bitcoin for less than 155 days are losing their momentum. These short-term holders are vital as they often drive short-term price fluctuations. According to the analyst, the decreasing sell-side risk ratio implies that Bitcoin is “coiled like a spring” and is primed for substantial movement.</p>
<p style="text-align: justify">The principle of range contraction leading to range expansion is fundamental to Checkmate’s analysis. He believes the current consolidation phase will soon transition to a more volatile, trending market. This shift is driven by the buildup of potential energy, similar to a compressed spring, which eventually results in notable price movements when released.</p>
<h2 id="how-could-us-treasury-yields-impact-bitcoin">How Could US Treasury Yields Impact Bitcoin?</h2>
<p style="text-align: justify">Checkmate also highlighted the US bond market as a potential catalyst for Bitcoin’s next major move. He pointed out that the 10-year Treasury yield (US10Y) is currently on an upward trajectory. Should yields approach 5%, it could create challenging conditions for Bitcoin and other cryptocurrencies. Higher yields typically signal tighter financial conditions, reduced collateral value, and lower risk tolerance among investors.</p>
<p style="text-align: justify">The analyst referenced significant sell-offs in the bond market between August and October 2023, during which the 10-year Treasury yield neared 5%, leading to substantial declines in both stocks and Bitcoin. During that period, BTC dropped by 12% in a single day but later recovered by 30% after a two-month consolidation. This historical context underscores Bitcoin’s sensitivity to bond yield movements.</p>
<h3 id="key-insights-for-investors">Key Insights for Investors</h3>
<p style="text-align: justify">Investors can draw several valuable inferences from Checkmate’s analysis:</p>
<ul style="text-align: justify">
 <li>A declining sell-side risk ratio could signal an imminent price surge for Bitcoin.</li>
 <li>The US 10-year Treasury yield’s movements can significantly affect Bitcoin prices.</li>
 <li>Periods of bond market volatility may lead to rapid BTC price swings.</li>
 <li>Monitoring financial <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a> is crucial for anticipating Bitcoin’s price movements.</li>
</ul>
<p style="text-align: justify">Checkmate cautioned that a rise in the 10-year Treasury yield towards 5% could indicate heightened risk for Bitcoin and other financial assets. Such scenarios may necessitate intervention from the Federal Reserve and the US Treasury to stabilize the market. Currently, the 10-year Treasury yield stands at 4.394%, with Bitcoin trading above $71,000. This situation illustrates the delicate balance in financial markets and the potential for significant BTC price movements based on bond market dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-anticipates-bitcoin-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Anticipates Bitcoin Price Surge</a></h5>

Analyst Anticipates Bitcoin Price Surge

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