Bitcoin breakout ‘likely no later’ than Jan FOMC meeting: 10x Research

January 15, 2025 Coin Telegraph

Bitcoin’s price is primed for a breakout before the end-of-month FOMC meeting, but it could go either way, says a crypto analyst.

Bitcoin is shaping up for a price breakout by the end of January ahead of the United States Federal Open Market Committee meeting on Jan. 29, says 10x Research head of research Markus Thielen.

But that breakout may see Bitcoin’s (BTC) price go up or down from its current level of $96,794, he said.

“Bitcoin trades within a narrowing triangle, signaling a breakout is imminent — likely no later than the January 29 FOMC meeting,” Thielen said in a Jan. 14 markets report.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Ether could struggle to deliver meaningful rallies in 2025: 10x Research

January 1, 2025 Coin Telegraph

10x Research

10x Research says Ether may not be a smart bet for a much-anticipated 2025 bull run, though other analysts say the jury’s still out.

Markus Thielen, 10x Research’s head of research, said Ether might not be the wisest investment choice for a 2025 bull run, as the asset may deliver underwhelming returns compared with Bitcoin.

Other analysts said they are waiting for more confirmation from the price charts to see which way it will go.

“While the possibility of a new catalyst cannot be ruled out, we wouldn’t be surprised if Ethereum struggles to deliver meaningful rallies next year,” Thielen said in a Dec. 30 market report.

SEC’s crypto actions dropped by 30% in Gensler’s final year

History shows ETH could pump in Q1, but analysts are still debating

December 30, 2024 Coin Telegraph

CK Zheng

Net inflows into spot Ether ETFs were positive in 22 of the last 24 trading days in 2024 and one analyst expects flows to increase even more under the Trump administration.

Ether could be one of the leaders of a potential Q1 rally in 2025, should history repeat itself, though one industry analyst warns a “hawkish” macro climate could slow market momentum.

The first quarters of a new year following a United States election and Bitcoin halving cycle have produced some of Ether’s (ETH) best-performing quarters, notably Q1 2017 and Q1 2021, when it rallied 518% and 161%, respectively, CoinGlass data shows.

Those returns even outpaced Bitcoin’s (BTC) 11.9% and 103.2% for those quarters.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Crypto market cap hits $3.1T high, could soon surpass France’s GDP

November 12, 2024 Coin Telegraph

Crypto market cap hits .1T high, could soon surpass France’s GDP

10x Research

If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.

Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP).

On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500.

If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Bitcoin whale transactions see ‘noticeable’ drop since March price peak

September 12, 2024 Coin Telegraph

Ajeet Khurana

Blockchain analytics firm Santiment says a decline in Bitcoin whale activity is not necessarily a bearish sign.

Bitcoin whales have dialed back their activity since the cryptocurrency hit a new high in March and are now biding their time for the next major buying or selling opportunity, recent data suggests.

“Cryptocurrency’s whale transactions have seen a noticeable drop-off since mid-August,” blockchain analytics platform Santiment wrote in a Sept. 11 X post.

Santiment noted that Bitcoin (BTC) weekly transactions of $100,000 or more had dropped 33.6% since March 13 — the day of Bitcoin’s $73,679 all-time high.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Bitcoin technical indicators ‘improving’ at $59K may trigger short squeeze

August 21, 2024 Coin Telegraph

<div>Bitcoin technical indicators 'improving' at K may trigger short squeeze</div>

10x Research

Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts.

Several of Bitcoin’s popular trading metrics are flashing positive which may force traders to act quickly and cover their positions if macroeconomic events align, according to a crypto analyst.

“Technical indicators are improving, and with some traders holding short positions, there’s potential for a short squeeze,” 10x Research head of research Markus Thielen said in an Aug. 21 report.

One of the key metrics that caught Thielen’s eye as a sign of improvement is Bitcoin’s relative strength index (RSI) “bottoming out” — which measures the speed and change of its price movements to identify overbought or oversold conditions.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Bitcoin $59K price may swing ‘drastically’ amid election year parallels

August 17, 2024 Coin Telegraph

<div>Bitcoin K price may swing 'drastically’ amid election year parallels</div>

10x Research

If Bitcoin follows the same pattern as previous election years, August will be "nothing crazy," but a breakout may occur within a month or two, according to a crypto analyst.

Bitcoin’s price chart is mirroring patterns seen in previous United States election years, and its recent lack of momentum could be significantly reversed, according to a cryptocurrency analyst.

“Bitcoin has seen the same sort of structure” crypto analyst Matthew Hyland pointed out in an Aug. 16 analyst video. He explained that Bitcoin’s (BTC) recent extended consolidation followed by a downturn— which saw Bitcoin fall below $50,000 at the beginning of August — is similar to patterns seen in 2012, 2016, and 2020 ahead of US presidential elections.

“I’ll go back to August 2012, a massive crash right here. Then we slowly moved into the election, before moving up drastically after the election,” Hyland added.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Bitcoin bull-bear cycle indicator flips bullish as price holds $60K

August 10, 2024 Coin Telegraph

Bitcoin bull-bear cycle indicator flips bullish as price holds K

Coin Telegraph

The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023.

The Bitcoin bull-bear market cycle indicator, which tracks investor sentiment phases, has flipped to signal bullish conditions, following three days of flashing red as Bitcoin’s price plummeted to levels not seen since February.

“Most Bitcoin on-chain cyclical indicators that were hovering near the borderline have now shifted back to signaling a bull market,” CryptoQuant founder and CEKi Young Ju wrote in an Aug. 9 X post.

“Bitcoin is still in a bull market,” pseudonymous crypto trader PlanB added.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Bitcoin possibly undervalued as Mayer Multiple hits lowest level since FTX collapse

August 8, 2024 Coin Telegraph

Bitbo

The popular Bitcoin valuation metric hasn’t been at this level since November 2022, when cryptocurrency exchange FTX went down.

A widely used Bitcoin valuation indicator is flashing red, signaling that Bitcoin hasn’t been this undervalued since the collapse of the cryptocurrency exchange FTX at the end of 2022.

“If you believe the Bitcoin price will be higher in 6-12 months, then this is objectively a fantastic time to buy,” crypto education resource On-Chain College wrote in an Aug. 7 X post, referring to the Bitcoin (BTC) Mayer Multiple chart.

The indicator compares Bitcoin’s current price to its 200-day moving average, and the resulting ratio is used as a buy or sell signal. Its creator, Trace Mayer, considers a reading below 2.4 to be “buy” territory.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Crypto market tumble seen as quick shakeout, traders expect ‘bullish’ rebound

June 8, 2024 Coin Telegraph

Coin Telegraph

Cryptocurrency traders believe that the recent market downturn is just a "shakeout" and there is a "bullish continuation" on the horizon.

Bitcoin (BTC), Ethereum (ETH), and the broader altcoin market experienced a downturn after United States employment data exceeded expectations on June 7. However, traders believe that it is a brief "shakeout" before the upward trend continues.

“Strong sell-off into support. Alts suffered more," pseudonymous crypto trader il Capo of Crypto declared to their 848,000 X followers on June 7. They added it "looks like a shakeout" — which is when a large number of investors sell-off at the same time usually due to market or economic uncertainty.

On the same day, the U.S. Employment Situation Summary Report revealed a higher-than-expected increase in jobs, contradicting crypto analysts' predictions that a weaker employment report would put pressure on the decision to lower inflation, and Bitcoin would hit new highs as a result.

Markus Thielen

Share this video