“bitcoin-usd/”>BITCOIN: Is it Finally Time to Get Excited? π€”
- Speculators are getting a little less anxious, I guess. π€·ββοΈ Long-term holders are bidding, and that’s a good sign, right? π€
- But, let’s not get ahead of ourselves. We need to see $91.5K before we can even think about a breakout. π And even then, it’s not a guarantee. π€¦ββοΈ
So, Bitcoin is up to $88K, and people are getting a little hopeful. π€ But, let’s not forget, we’re still in a “low-risk regime” according to Swissblock. π€ I mean, what does that even mean? π€·ββοΈ
βMarket risk easingβ¦Now below the 25 threshold, signaling a shift into a low-risk regime. A key step in the bottoming process. Reduces the likelihood of a sharp drop but doesnβt guarantee a breakout.β
Bitcoin breakout prospects
And, of course, the Crypto Fear and Greed Index is up to 47, which is, like, totally neutral. π But, hey, at least we’re not in extreme fear mode anymore. π
But, Swissblock says that the low-risk regime could attract new demand and liquidity, which is, like, totally a thing. π€ And, Cryp Nuevo is saying that we need to see $91.5K before we can even think about a breakout. π So, let’s just take it one step at a time, okay? π
βVery good reaction from the 1W50EMA, our buy zone and likely bottom of this correction. Weβll be out of the woods once/if we can flip $91.5k which was the previous range lows.β

And, investors are getting optimistic, as illustrated by the $420M BTC withdrawn from exchanges in the past week. π€ In fact, on the 24th of March, $220M BTC was moved from exchanges, reiterating an accumulation spree. π€―
And, long-term holders are bidding again, as illustrated by 1-year HODL waves. π After selling during the ‘Trump pump,’ analyst Philip Swift noted they were bidding again. π€
βLong-term BTC holders have stopped selling their BTC around $100k. +1 Year HODL Wave is now trending back up. Expect this to trend down again only once we are comfortably above $100k.β

Per the chart, the +1 year HODL cohort typically bids during market fears and dumps and then sells during price rallies. π€― But, hey, maybe they’re getting smarter. π€
However, the Options market appears somewhat cautious, as put options traded at a slight premium. π€ This is, like, totally a thing. π€ And, the early April expiry has a 25RR of -2.5 and -2.73, further reinforcing traders’ caution in the first half of next month. π€―

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2025-03-26 23:07