2025-01-18 03:30:16 by NewsBTC

Bitcoin (BTC) has shown notable recovery since this week began, climbing back above $100,000 and now trading at $104,430. This upward move represents a 4.9% daily gain and more than a 10% increase over the past week. Analysts have been examining this rally closely, noting that it mirrors patterns observed in past market cycles. Specifically, the role of market pullbacks—often seen as discouraging by short-term investors—has emerged as a critical factor behind Bitcoin’s long-term strength. Bitcoin Larger Rally Ahead, Here’s Why According to datascope, a contributor to CryptoQuant’s QuickTake platform, Bitcoin’s most significant rallies have frequently originated in so-called “bear zones.” These are periods when the market dips sharply, and sentiment turns pessimistic. However, the analyst emphasizes that these pullbacks are more than just periods of loss; they are times when patient investors can position themselves for future gains. Bitcoin bull-bear market indicator. | Source: CryptoQuantThe current recovery, as the analyst explains, aligns with a historical pattern where Bitcoin tends to emerge stronger after periods of sharp declines. Datascope wrote in a post on the CryptoQuant QuickTkake platform: When we look at Bitcoin’s pullbacks, a fascinating pattern emerges! What happens in those red-marked zones? The market takes a dive into the “bear zone,” and it feels like all hope is lost. But this is exactly where the magic begins!. By examining past performance, datascope found that Bitcoin’s strongest upward moves have historically followed these bearish periods. Rather than panic-selling, holding steady during these moments has proven advantageous for those looking to capitalize on the eventual market rebound. According to the analyst, “these patterns highlight the importance of market psychology and the power of patience.” Datascope concluded by noting: The takeaway is simple: if you can read Bitcoin’s ups and downs, pullbacks don’t have to be scary—they can be opportunities. While red zones might initially seem discouraging, history proves that the rebounds from these levels are often far more impressive. Patience wins! Coinbase Premium Index Signals Bullish U.S. Sentiment Meanwhile, another reason why Bitcoin’s ongoing recovery could lead to a larger rally is the fact that Coinbase Premium Index (CPI), has returned to positive territory for the first time since early January. Bitcoin Coinbase Premium Index (CPI). | Source: CryptooQuantThis metric reflects the difference between Bitcoin’s prices on Coinbase and other exchanges, often seen as a gauge of US investor sentiment. The recent move into positive territory suggests that American buyers are reclaiming market influence, potentially driving Bitcoin’s recent gains. Burak Kesmeci, another contributor to CryptoQuant, observed that US investors are showing renewed interest in Bitcoin as the inauguration of the new administration approaches. Kesmeci noted that the positive CPI readings indicate a market dominated by buyers on both daily and hourly timeframes. This shift in sentiment comes as Bitcoin reclaims the $100,000 milestone and may signal a broader trend of optimism among US investors. BTC price is moving upwards on the 2-hour chart. Source: BTC/USDT on TradingView.comFeatured image created with DALL-E, Chart from TradingView Samuel Edyme Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.