The Bitcoin request has been developing quietly since July, preparing the field for what could be another end -of -year gathering at more than $ 200,000
Apparent demand has increased at a rate of around 62,000 BTC per month, according to Cryptocker, a backdrop similar to the fourth quarter of 2020, 2021 and 2024 when prices have set up net movements.
Supported growth in demand has historically served as one of the price rallies sets,
A large part of this expansion is driven by whales and ETFs. The big carriers are increasing at an annualized pace of 331,000 BTC, a stronger trend than the 255,000 BTC recorded in the fourth quarter of 2024, the 238,000 BTC at the start of the fourth quarter 2020 and a net contrast with the contraction of the 197,000 BTC which marked the lowest market in 2021.
ETFs could add another layer because the products bought 213,000 BTC in the fourth quarter of 2024, a jump of 71% of assets and can be positioned to increase allowances in the end of the year.
In order for this request to be translated into another escape, the momentum on the side of the price is always critical. The chain assessment puts the key threshold at the price made of the merchant of $ 116,000.
A decisive decision above this level will mark the transition to the “bull” phase of the bull market cycle indicator and could open an evaluation band from $ 160,000 to $ 200,000 for the fourth quarter.
The indicator compares the current Bitcoin market price with several price measures made – the average cost of different groups of investors recorded on the channel.
When the cash price rises above these levels, the model interprets it as a passage in the “bull” phase, reflecting the increase in the momentum and the profits through the base of the support. When the cash price falls below, it signals the “bear” phase, the signaling constraint and the unrealized losses.
The market conditions entering in October resemble in a striking way last year.
The cryptotic bull score has had between 40 and 50 in recent days, levels that historically mark the edge of bullish conditions. In 2024, the index exceeded 50 at the start of the fourth quarter, just before Bitcoin went from $ 70,000 to $ 100,000.
The metrics of demand already reinforce themselves, the traders watch closely for a rehearsal of this model in the coming months.
