{"id":24710,"date":"2025-05-01T13:32:01","date_gmt":"2025-05-01T13:32:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24710"},"modified":"2025-05-01T13:32:01","modified_gmt":"2025-05-01T13:32:01","slug":"bitcoin-forms-a-familiar-accumulation-structure-as-btc-price-pushes-above-96k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24710","title":{"rendered":"Bitcoin Forms a Familiar Accumulation Structure as BTC Price Pushes Above $96K"},"content":{"rendered":"
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Although history should not serve as an indication for future price movements, one cannot help but ask it for advice, especially in times of indecision and lack of a clear trend.<\/p>\n

CryptoQuant\u2019s latest analysis shows a promising picture when it comes down to the behavior of short-term holders (those holding their assets for somewhere between a day and a week), which have been growing in the past few weeks \u2013 something that was observed ahead of the two significant rallies in 2024.<\/p>\n

A Glimpse Into the Past<\/h2>\n

The accumulation trend mentioned<\/a> by CryptoQuant\u2019s Crypto Dan hints back at the developments that took place in January and October last year. Back then, STHs, which were absent<\/a> from the BTC market, at least until recently, went on a buying spree, which was confirmed by the growing number of active addresses.<\/p>\n

What followed both times were rather quick price upticks for bitcoin, which soared to a new all-time high in March 2024 after the launch of the ETFs, and a new peak down the line in January 2025 ahead of Trump\u2019s inauguration.<\/p>\n

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\u201cNow, a similar increase in short-term holder activity is once again being observed, which could signal the beginning of another bullish phase, just like in the past.<\/p>\n

Notably, this indicator has historically moved ahead of major price surges, making it a reliable signal of accumulation,\u201d said the CQ analyst.<\/p>\n<\/blockquote>\n

\"Bitcoin<\/a>
Bitcoin STH Behavior and Price Movement. Source: CQ<\/figcaption><\/figure>\n

BTC Above $96K<\/h2>\n

After the April 7 and 9 lows of under $74,000, the primary cryptocurrency went on the offensive hard and exploded by over $20,000 to tap $96,000 last Friday. Its run, even though quite impressive, was stopped there, and the asset spent the following week or so in a tight range between $93,000 and $95,000.<\/p>\n

The lower boundary was tested<\/a> on a couple of occasions, including yesterday, but it managed to hold. As such, BTC bounced off and spiked above the upper one earlier today. As of now, the cryptocurrency trades close to $96,500, which is the highest price since February 23.<\/p>\n

\"BTCUSD.<\/a>
BTCUSD. Source: TradingView<\/figcaption><\/figure>\n

Aside from the STHs\u2019 behavior, there are a few more bullish signals<\/a> on the BTC front, including whale and institutional accumulation. We published another report as well about the most probable scenarios for BTC for 2025, which you can check here<\/a>.<\/p>\n

The post Bitcoin Forms a Familiar Accumulation Structure as BTC Price Pushes Above $96K<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Although history should not serve as an indication for future price movements, one cannot help but ask it for advice, especially in times of indecision and lack of a clear trend. CryptoQuant\u2019s latest analysis shows a promising picture when it comes down to the behavior of short-term holders (those holding their assets for somewhere between […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24710","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24710"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24710\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}