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<p>The post <a href="https://coinpedia.org/news/top-indicator-points-to-inevitable-crypto-market-rebound-to-new-aths-ahead/">Top Indicator Points to Inevitable Crypto Market Rebound to New ATHs Ahead</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The altcoin industry led by meme coins will soon experience a major rebound after being trapped in a correction mode in the past few weeks. Increased fear of further crypto capitulation triggered by the Bitcoin (BTC) price drop below $60k on Monday, has increased calls for a market rebound.&nbsp;</p> 
<p>Moreover, Bitcoin’s daily Relative Strength Index (RSI) has already dropped below the 30 percent level, indicating an overall market. Additionally, Bitcoin price has rebounded on the $60k level severally in the past four months.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-crypto-rebound-inevitable-nbsp">Crypto Rebound Inevitable&nbsp;</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> market sentiment has turned into fear. be greedy when others are fearful! <a href="https://t.co/Cysesda5PD">pic.twitter.com/Cysesda5PD</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1805540437228208422?ref_src=twsrc%5Etfw">June 25, 2024</a>
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<p>According to the on-chain data analysis provided by Glassnode, the fear &amp; greed index has turned into fear. Popular crypto analyst Ali Martinez has reminded investors of the famous Warren Buffett quote ‘Be greedy when others are fearful and vice versa’.</p> 
<p>According to&nbsp; CryptoQuant’s analyst Yonsei Dent, Bitcoin price could soon rebound to a new all-time high as the supply of holders in profits remains above average.</p> 
<p>“Compared to past cycles, it appears there are still at least two more months remaining in the major bull market phase,” Yonsei <a href="https://cryptoquant.com/insights/quicktake/667981eba0017a125b29914d-Levels-of-Correction-Based-on-Supply-in-Profit?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=yonsei-dent">noted</a>.</p> 
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   <p lang="en" dir="ltr">Levels of Correction Based on Supply in Profit<br><br>“Compared to past cycles, it appears there are still at least two more months remaining in the major bull market phase.” – By <a href="https://twitter.com/Yonsei_dent?ref_src=twsrc%5Etfw">@Yonsei_dent</a> <br><br>Read more <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/PDBSTXZc2T">https://t.co/PDBSTXZc2T</a> <a href="https://t.co/O3D9bJsiFy">pic.twitter.com/O3D9bJsiFy</a></p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1805551715887857880?ref_src=twsrc%5Etfw">June 25, 2024</a>
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<p>However, if Bitcoin price consistently closes below $60k in the coming days, the flagship coin will be under the control of sellers. As a result, Bitcoin price could drop towards the liquidity range between $54k and $58k, which coincides with the 1 and 0.786 weekly Fibonacci Extension.</p> 
<h2 class="wp-block-heading" id="h-bigger-picture">Bigger Picture</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw">#BITCOIN</a> BULL RUN BEGINS. <a href="https://t.co/7oHlLbBrgw">pic.twitter.com/7oHlLbBrgw</a></p>— AO (@AurelienOhayon) <a href="https://twitter.com/AurelienOhayon/status/1805619213152731552?ref_src=twsrc%5Etfw">June 25, 2024</a>
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<p>The upcoming listing of the spot Ethereum ETFs in the United States is expected to trigger a fresh wave of crypto bull run, similar to the impact of Bitcoin’s. Moreover, the ongoing interest rate cuts in several jurisdictions will compel the US to move in a similar direction.</p>

Top Indicator Points to Inevitable Crypto Market Rebound to New ATHs Ahead

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