Rally

Cryptocurrency

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-planb-foresees-a-surge-in-bitcoin-market-rally" rel="noopener noreferrer nofollow">Analyst PlanB Foresees a Surge in Bitcoin Market Rally</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/sec-chairman-gary-gensler-discusses-bitcoin-etf-applications-and-regulatory-approaches" rel="noopener noreferrer nofollow">Bitcoin</a> market is currently experiencing an upswing, with its value surpassing the $62,000 mark. A significant weekly closure at this level suggests that the path could be clear for the <a href="https://en.bitcoinhaber.net/the-declining-interest-of-canadians-in-cryptocurrency-investments" rel="noopener noreferrer nofollow">cryptocurrency</a> to reach new record highs. PlanB, a distinguished crypto analyst, has indicated that according to the Stock-to-Flow model, the commencement of a bullish phase is upon us. This shift is backed by historical trends which hint at the end of a downtrend and the beginning of a period filled with anticipation and market excitement.</p>
<h2 id="planb-s-analysis-indicates-bitcoin-uptrend">PlanB’s Analysis Indicates Bitcoin Uptrend</h2>
<p style="text-align: justify">At the close of 2021, PlanB regained prominence among crypto analysts, asserting that Bitcoin’s recent performance as indicated by a “red dot” on the Stock-to-Flow chart signals the onset of a 10-month bull market. This could also lead to potential surges in the value of various altcoins in the months to follow. PlanB emphasizes that the accumulation phase is over, and the market should prepare for substantial price rallies accompanied by occasional drops in the near term.</p>
<h2 id="insights-from-qcp-analysts-on-cryptocurrency-market">Insights from QCP Analysts on Cryptocurrency Market</h2>
<p style="text-align: justify">The cryptocurrency market, particularly Bitcoin, is advancing towards unprecedented highs, fueled by high demand from exchange-traded funds (ETFs). Market experts have long anticipated that ETF approval would not merely induce a typical fear of missing out (FOMO) reaction but would actually usher in a robust bullish phase. The spot markets have already witnessed a surge in demand, with the ETF segment’s daily volume soaring beyond $7 billion.</p>
<p style="text-align: justify">Analysts predict a wave of new investors stemming from the traditional markets, a shift from past trends. This influx is likely to be succeeded by strategic accumulation from various institutions. Additionally, QCP analysts have noted that the recent rally in Bitcoin and <a href="https://en.bitcoinhaber.net/ethereums-rising-tide-in-chain-data-signals-uptrend-and-shrinking-exchange-supply" rel="noopener noreferrer nofollow">Ethereum</a> prices is nearing all-time highs, propelled by strong ETF inflows and speculative individual purchases, with individual-focused exchanges like Binance playing a crucial role in driving the price dynamics.</p>
<p style="text-align: justify">Furthermore, the analysts observe that while the institutional presence was less pronounced during this surge, there was significant activity from traders using call options to capitalize on the uptrend. The frenzied buying from leveraged positions has induced a noticeable uplift in the futures market, creating lucrative opportunities for investors to lock in profits from the spot-forward spread.</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-planb-foresees-a-surge-in-bitcoin-market-rally" rel="noopener noreferrer nofollow">Analyst PlanB Foresees a Surge in Bitcoin Market Rally</a></h5>

Analyst PlanB Foresees a Surge in Bitcoin Market Rally

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