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The next altcoin season has officially begun, but unlike past cycles, this one is not fueled by Bitcoin-to-altcoin rotations—it’s being driven by stablecoin holders. In a Feb. 20 post on X, Young Ju noted that altcoin trading volume is now 2.7 times higher than Bitcoin's, signaling a shift in market dynamics. Historically, altseasons occurred when traders took profits from Bitcoin and reinvested in altcoins. However, this cycle is different. Stablecoins Fueling the Altcoin Rally Instead of Bitcoin dominance declining—traditionally a sign of an altseason—stablecoin capital is flowing into select altcoins. According to Market analysis. This shift follows a sharp increase in stablecoin market capitalization, which surged after Donald Trump’s U.S. election victory. As of Feb. 21, total stablecoin market cap stands at $232 billion. However, this altseason is highly selective, Not all altcoins are rallying, and liquidity remains limited, with some networks, such as Solana, experiencing investor outflows due to rug pulls and insider schemes in the memecoin sector. Bitcoin's Institutional Adoption Alters Market Trends Meanwhile, Bitcoin is increasingly decoupling from the broader crypto market due to institutional adoption. U.S. Bitcoin ETFs now hold over $100 billion worth of BTC, and public companies have accumulated more than $60 billion in Bitcoin as an inflation hedge. It is to be noted that Bitcoin has effectively built its own "paper-based Layer 2 ecosystem" through ETFs, funds, and corporate treasury holdings, reducing its correlation to altcoins. As a result, only a handful of altcoins are attracting new liquidity and establishing independent price trends, marking a new era for altcoin market cycles. $BTC $ETH $LTC

Bitcoin ($BTC ) has recently shown significant price fluctuations, reaching a peak of $96,000 before experiencing a slight pullback. The market is now in a consolidation phase at high levels, leaving traders and investors wondering about the next possible move. Understanding BTC’s consolidation phase and potential breakout scenarios can provide valuable insights into market behavior. What is Consolidation in Bitcoin? Consolidation refers to a period where an asset trades within a defined range, showing neither strong upward nor downward movements. It occurs when buying and selling pressure reach equilibrium, leading to a temporary pause before the next major move. This phase often follows a sharp rally or decline and precedes another significant price action. Possible Scenarios for BTC’s Next Move 1. Bullish Breakout If BTC breaks above the $96,000 resistance, it could test levels around $100,000 and potentially reach $105,000. Increased buying pressure and institutional interest might drive BTC into price discovery mode. 2. Bearish Breakdown A failure to hold key support levels could result in a correction towards $90,000 or lower. High selling pressure from profit-taking or negative news might accelerate the downturn. 3. Extended Sideways Trading BTC might continue consolidating in a tight range between $92,000 and $96,000, allowing market participants to accumulate before a decisive move. This scenario often precedes a strong breakout in either direction. Trading Strategies for BTC Consolidation Swing Trading: Utilize support and resistance levels for short-term trades, buying near $92,000 and selling near $96,000. Breakout Trading: Enter positions after a confirmed breakout above $96,000 or breakdown below $92,000. HODLing: Long-term investors may accumulate during consolidation phases to benefit from future bullish trends. Bitcoin’s current consolidation phase at highs presents both opportunities and risks. Traders should closely monitor key support and resistance levels, technical indicators, and market sentiment to make informed decisions. While a breakout to new highs remains a possibility, a pullback cannot be ruled out. Staying updated with global economic trends, institutional movements, and BTC-specific developments will be crucial in navigating the market’s next move.

Bitcoin hovers above levels of support that may signal potential upward momentum. The cryptocurrency consolidates within a defined range where it has its support at $92,122 and resistance near $106,329. Buyers defending this zone may help Bitcoin find itself in price discovery mode. Pentoshi, a popular crypto analyst, highlights Bitcoin’s primary support between $92,000 and $94,000. Holding this zone suggests bullish strength. However, losing this support could push BTC down to $85,000. At the moment, the bullish bias remains intact, as Bitcoin has spent time within its current range without breaking down. At present, Bitcoin appears to be at $96,738 , representing a small gain of 0.58%. The higher price for the day was $96,980, and the lower price was $95,770. Price features suggest a possible consolidation phase that might precede a major breakout. Resistance at $106,329 has been tested multiple times but remains unbroken. A successful breach could ignite another rally, driving Bitcoin into new highs. Market structure remains bullish, with buyers stepping in at key levels to maintain higher lows. Crypto analyst el_crypto_prof discovers a falling wedge pattern on the Bitcoin 12-hour data. This technical formation is typically bullish, whereby the price action consolidates and finally breaks out between two downward-sloping trendlines. Bitcoin’s price movement within the wedge showed multiple lower highs and lower lows. Red arrows on the chart highlight resistance zones, while blue arrows indicate strong support. Near the wedge’s apex, Bitcoin broke above descending resistance , signaling a possible trend reversal. Key breakout and rejection points are marked with yellow circles. The first circle shows temporary resistance before another downward move, while the second highlights Bitcoin’s breakout above the wedge . This formation suggests increasing buying pressure, which may fuel a sustained upward movement. The wedge structure aligns with Bitcoin’s historical breakout patterns. Additionally, the market has shown accumulation within this range, further reinforcing the bullish outlook. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Pyth Network (PYTH) is showing indications of a potential reversal rally, with market observers watching keenly in a falling wedge pattern. The coin has gained 14.59% over the past week, sparking speculation about a potential breakout that would take its price significantly higher. In a recent tweet on X The Crypto Titan has provided recent insights on PYTH, and in them, they believe the asset has already bottomed and is about to move upward. PYTH is said in the post to currently be underpriced, and a move above the falling wedge could see its price reach $1.00. $PYTH (Weekly) IMO, the $PYTH reversal rally 📈 is started, after being bottomed out inside the falling wedge in the weekly timeframe✅. IMO, 1$ for $PYTH is nothing & right now it's way Cheaper💎 #pyth #Python #btc #bitcoin #crypto #CryptoTrading #thecryptotitans pic.twitter.com/LFADWJi5Z2 PYTH’s price action has been in a falling wedge, a setup with lower highs and lower lows. The recent bounce on the lower trendline is a testament to high demand, with the next significant level of resistance at $0.40. Analysts predict a potential breakout above the level could see a price move of as high as 210%, hitting a level of $1.00. Alternatively, a failure in a breakout could see a pullback and consolidation. The Stochastic RSI reading at 9.22 and 3.80 signals PYTH is in overbought. It is a hint a potential upward move is imminent in the case of a crossover. Moreover, the Directional Movement Index (DMI) shows a looming crossover of +DI (14.49) and -DI (14.23), and in case of a confirmation, could signal buyers regaining command. The ADX level of 22.82 signals a decelerating trend but a breakout could strengthen momentum. Traders are watching the area around $0.30-$0.35 as a potential area where a breakout could occur. If PYTH moves above here, the stock could move on to reach around $0.50-$1.00 in the near future. Downward, a break above could see consolidation. At the time of writing, The price was at $0.2431 with a market capitalization over the last 24 hours at $74,758,403. It is a gain over the day of 2.65%. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin’s short-term holders (STH) are at a pivotal moment, as revealed by the latest BTC HODL Waves chart shared by Benjamin Cowen (@intocryptoverse). The data highlights a clear historical pattern: when the share of short-term holders—those holding BTC for less than six months—peaks and starts to decline, Bitcoin often enters a phase of heightened volatility. The current structure of the market suggests that BTC might be nearing a crucial shift, with its price hovering near all-time highs. The BTC HODL Waves graph allows traders to observe the price movements of Bitcoin against the distribution of coins held for varying amounts of time. The white line indicates Bitcoin’s price, which has risen from pennies in 2009 to almost $70,000 in 2024, while the color bands represent percentages of BTC held for varying lengths. Therefore, as of now, most of the supply is comprised of short-term holders, represented by the red, orange, and yellow bands, which cover holders from less than a day to six months. Similar patterns emerged during previous bull market peaks such as 2013, 2017, and 2021, which saw short-term holder increases as Bitcoin hit significant highs before corrections followed. Although short-term trading activity has started to increase, long-term holders-BTC holders for more than one year-remain solid in their position. The yellow to green bands, which signify holders having between one year and ten years, continue to hold the upper hand. In the past, when these holders started selling into strength, it marked the distribution phase in a cycle. Their toughness so far indicates that the market still has a space to run before a big sell-off occurs. Interestingly, the more-than 10-year holder population is holding quite steady, indicating that some of the early adopters and also institutional investors are still holding theirs regardless of the price. The true conviction, which reads that the asset holds true value over the longer term, persists despite the lure of speculative traders coming into the market. If historical patterns hold, Bitcoin’s short-term holder dominance could act as a warning sign for increased volatility. A surge in STH supply typically precedes market corrections, as newer investors tend to sell when sentiment shifts. However, if long-term holders continue to hold firm, BTC could still have enough strength to push towards new highs before a cooling-off period begins. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.