From $100K to $250K? Analyzing Bitcoin’s Bull Market Signals
Who would have thought we’d see Bitcoin shoot through the roof this quickly, soaring past $100K? As we move forward into 2025, the main question on our minds is, what lies ahead? Is this a bubble about to burst, or are we on track for $150K–$200K soon? Are there any rational tools to predict its trajectory, or are we left to just play guessing games? From what I’ve observed, the fog starts to lift when you look at on-chain and technical indicators, while also factoring in the macro perspective. I’ve aimed to do just that in this piece below.
Extreme Greed, Rising Active Addresses, and Record Hash Rate
The Fear and Greed Index is at 84, indicating Extreme Greed, which often signals potential tops in the short term. However,sustained levels of greed during bull markets (like now) often align with parabolic price increases before final peaks. In other words, this precedes short-term pullbacks because of market exuberance.
The number of active addresses is increasing and as of December 4, 2024, was 893,426, suggesting heightened interest and usage of the Bitcoin network.
Bitcoin’s hash rate is rising, at around 792 EH/s currently, reflecting miner confidence and network security, which are long-term bullish signals. Bitcoin’s price tends to follow the hash rate; the more confident miners are about price appreciation, the less likely they are to sell.
Weekly Golden Cross Signals Bull Market with $150K-$250K Potential
The weekly Golden Cross, where the 50-week moving average (MA) crosses above the 200-week MA, is a highly significant signal for long-term investors because it often marks the start of major bull markets and the conclusion of prolonged bearish phases.The previous instance of this signal occurred when Bitcoin recovered from the 2018 bear market and eventually surged to its all-time high of $69,000 in 2021.
Mirroring its behavior in previous bull cycles, this signal repeated in early 2024, preceding Bitcoin’s parabolic rise, reaching $101K as of now. Previous …
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