3 signs Suggest Bitcoin’s Surge to $250K is About to Start

Bitcoin’s price has surged by 55% in 2024, with a 12.5% gain in October alone. This rise is largely attributed to improved investor sentiment, spurred by strong Wall Street earnings.

Furthermore, investors are now expecting possible Federal Reserve rate cuts in November. Optimism is also supported by the increasing chances of pro-crypto candidate Donald Trump winning the 2024 presidential race.

Bitcoin appears poised for a bull run for the rest of 2024 and beyond, with technical and on-chain indicators pointing to a similar positive outlook.

Bitcoin price could hit $100K in 2025, fractal suggests

Independent market analyst Coosh Alemzadeh highlighted signs of Bitcoin’s bull cycle using a logarithmic chart. This chart illustrates previous bullish phases, such as Bitcoin’s 60x growth in 2011, 20x in 2017, and a 6x surge in the 2020-2021 bull run.

In October 2024, Bitcoin was starting to break out of its consolidation phase, often the beginning of a bull rally. Analyst Ted Pillows echoed this sentiment, indicating Bitcoin’s price acceleration may follow past patterns.

According to Alemzadeh’s fractal analysis, Bitcoin could exceed $100,000 in 2025, and potentially reach $250,000 in the long term.

Bitcoin whale activity mimics pre-COVID rally

On-chain data tracking whale behavior shows a similar pattern to the accumulation seen before the 2020 bull run. The “Exchange Whale Ratio,” based on a 30-day moving average, is currently aligning with these past trends.

CryptoQuant analyst Woominkyu suggests that whales are positioning for significant long-term gains, especially with the next Bitcoin halving on the horizon.

Stablecoin dominance declines

Market analyst Doctor Magic noted that stablecoin dominance has decreased since mid-2024. As capital moves out of stablecoins like USDT and USDC, it often signals an upcoming surge in major cryptocurrencies like Bitcoin.

This trend reflects growing confidence in Bitcoin’s potential appreciation, indicating that a new parabolic phase could be underway if liquidity continues flowing back into BTC.

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