So, you’re wondering if Bitcoin still has some va-va-voom left in it? Well, Swissblock, a fancy digital asset investing research firm, is here to enlighten us. π€
They’ve posted a new analysis on X (because who needs actual human interaction, right?) that claims their BTC Fundamental Index is the answer to all our Bitcoin prayers.
βIf youβre questioning whether Bitcoin still has upside β this is the only chart you need to see:
On-chain fundamentals have flipped back to strength.
This move isnβt just speculation.
Sustained upside is now structurally supported. Higher.β Yeah, because that’s exactly what we want to hear – more reasons to HODL on for dear life! π
At the time of writing, BTC is worth a whopping $119,154 (casual), up nearly 10% in the last week. Not bad, not bad at all.
Moving on to the altcoins, because who doesn’t love a good underdog story? π Swissblock is daring to answer the question on everyone’s mind: how close is altseason? π€
βAltseason in Sight: Wave 5 Has Begun?
The altcoin market just broke out of a multi-month consolidation.
Structure suggests a classic 5-wave move β and Wave 5 may be underway. Because who doesn’t love a good wave? π
Historically, Wave 5s in crypto unfold fast and vertical β this could mirror 2017 or 2021. Ah, the good old days! π
Target: $1.79 trillion β $3.37 trillion Yeah, because that’s not a ridiculous amount of money at all. π€
Altseason may be here β but it could also be the last leg before the cycle peaks.β So, basically, it’s like that one aunt at the family reunion – it’s coming, but we’re not really sure when or if we’re even ready for it. π€ͺ
And, just to clarify, Swissblock’s “waves” refer to the Elliot Wave Theory, a financial analysis framework that views markets as moving in repeating wave patterns driven by investor psychology. Because, you know, humans are totally predictable and not at all prone to making irrational decisions based on emotions. π
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2025-07-16 23:08