The US -based encryption trading platform, which restores the impact on the Bitcoin (BTC) token transfer volume, can start a rally in the second half of 2025.
AXEL Adler JR, a researcher at Bitcoin, pointed out that the US VS. OFF-Shore ratio, which measures the amount of token transitions between US regulations and maritime exchange, has shown the decline in the US exchange’s control after the BTC has always reached the highest level in January.
As you can see on the chart, trend reversal is in progress, which means that the BTC transfer volume of the US exchange has begun to rise again, consistent with the previous bull market rally.
The main technical indicator of the chart is the 90 -day simplicity (SMA) above the 365 -day SMA. Historically, this crossover is ahead of the main price increase. For example, when this signal occurred at $ 60,000, Bitcoin began a rally within a week. This suggests that potential prices can occur in the next few weeks.
Similarly, the confirmed onchain analyst Boris Vest said Bitcoin is still undervalued. In a quick take post for Cryptoquant, the analyst dropped to the level of Bitcoin Exchange Reserves to the level in 2018, only 24.3 million BTC, which is only 2.4 million BTC compared to 3.4 million in 2021, showing long -term retention and supply.
Bitcoin Stablecoin Supply Ratio (SSR) of 14.3 emphasized that a considerable purchase power remains because the ratio is less than 2021. Boris said.
“Bitcoin is still undervalued because it hasn’t reached the level in 2021 yet. This is likely to continue with the bull market and purchase pressure.”
Related: Why Bitcoin Prices fall today?
Bitcoin overturns major monthly indicators and opens the path with $ 90K.
Markets analyst DOM emphasized that Bitcoin’s recent drop in multiple monitors is consistent with BTC supporting monthly VWAP for the first time since January.
VWAP is a technical indicator that calculates the average price that weights weight by trading volume. The trader uses VWAP to evaluate trend changes, identify support or resistance, and measure whether the assets have overrelated.
Dome said.
“Bulls have successfully maintained these two levels for four days. I haven’t seen it for months. I think BTC is near 90K beyond yesterday’s high.”
But Alphractal’s founder João Wedson maintained a careful state with Bitcoin for $ 86,000. He explained that if Bitcoin goes beyond this level, waiting for a fullback is the right approach or weak control. This is a major resistance zone that may be a bull ship, which reverses the analysis of $ 86,300 of Alphractal.
Related: BINANCE’s main metrics as Bitcoin Bulls’Back ‘
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.