A leading digital asset investing research firm is attempting to answer the question of whether or not Bitcoin (BTC) has further upside to go.
In a new analysis posted to the social media platform X, Swissblock says that the BTC Fundamental Index can answer that question.
“If you’re questioning whether Bitcoin still has upside — this is the only chart you need to see:
On-chain fundamentals have flipped back to strength.
This move isn’t just speculation.
Sustained upside is now structurally supported. Higher.”
BTC is worth $119,154 at time of writing, up nearly 10% in the last week.
Moving on to altcoins, Swissblock dares to answer another question on traders’ minds — how close is altseason?
“Altseason in Sight: Wave 5 Has Begun?
The altcoin market just broke out of a multi-month consolidation.
Structure suggests a classic 5-wave move — and Wave 5 may be underway.
Historically, Wave 5s in crypto unfold fast and vertical — this could mirror 2017 or 2021.
Target: $1.79 trillion – $3.37 trillion
Altseason may be here — but it could also be the last leg before the cycle peaks.”
Swissblock’s “waves” refer to the Elliot Wave Theory, a financial analysis framework that views markets as moving in repeating wave patterns driven by investor psychology.
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The post Crypto Analytics Firm Swissblock Points to Further Bitcoin (BTC) Upside, Says Altseason May Already Be Here appeared first on The Daily Hodl.
A leading digital asset investing research firm is attempting to answer the question of whether or not Bitcoin (BTC) has further upside to go. In a new analysis posted to the social media platform X, Swissblock says that the BTC Fundamental Index can answer that question. “If you’re questioning whether Bitcoin still has upside —
The post Crypto Analytics Firm Swissblock Points to Further Bitcoin (BTC) Upside, Says Altseason May Already Be Here appeared first on The Daily Hodl. Altcoins, Bitcoin, altcoin season, altcoins, BTC, Crypto, News, Swissblock, trading
This articles is written by : Nermeen Nabil Khear Abdelmalak
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