{"id":130366,"date":"2024-11-26T18:41:01","date_gmt":"2024-11-26T11:41:01","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=130366"},"modified":"2024-11-26T18:41:01","modified_gmt":"2024-11-26T11:41:01","slug":"bitcoins-historic-correlation-reveals-why-btc-can-rally-beyond-100k","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=130366","title":{"rendered":"Bitcoin\u2019s historic correlation reveals why BTC can rally beyond $100K"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul class=\"ul1\">\n<li class=\"li4\"><em><span class=\"s2\">Analysts believe that BTC might be on the verge of a major rally, citing historic on-chain indicators.<\/span><\/em><\/li>\n<li class=\"li4\"><em><span class=\"s2\">However, profit-taking continues to apply downward pressure, limiting immediate gains.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p class=\"p4\"><span class=\"s2\"><a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> has delivered impressive performance, accounting for a 46.59% monthly gain and boosting its market capitalization to $1.94 trillion. <\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">Even so, momentum has slowed, with no clear market direction emerging yet. Over the past 24 hours, BTC\u2019s price has edged up by 0.80%, keeping it in a consolidation phase.<\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">AMBCrypto\u2019s analysis suggests that while BTC is range-bound, history shows it tends to break higher once market sentiment improves.<\/span><\/p>\n<h2 class=\"p5\"><span class=\"s4\">BTC still has room to rally<\/span><\/h2>\n<p class=\"p4\"><span class=\"s2\">According to a <a href=\"https:\/\/x.com\/axeladlerjr\/status\/1860204823897080043?s=46\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">chart shared<\/a> by Alex Adler Jr., Bitcoin has yet to reach its cyclical peak. <\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">The chart examines BTC\u2019s performance using the Simple Moving Average (SMA) Multiplier, a tool designed to track price trends across market cycles.<\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">The analysis uses color-coded zones\u2014ranging from green (beginning of cycle) to black (top of cycle)\u2014to represent Bitcoin\u2019s market sentiment during different phases, from accumulation to peak speculation.<\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">In his post, Adler stated: <\/span><\/p>\n<blockquote>\n<p class=\"p4\"><span class=\"s2\">\u201cThe orange dot has arrived. Red, purple, blue, navy, and black\u2014are coming.\u201d<\/span><\/p>\n<\/blockquote>\n<div id=\"attachment_446276\" style=\"width: 2058px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446276\" class=\"wp-image-446276 size-full\" alt=\"\" width=\"2048\" height=\"1152\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-300x169.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-1024x576.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-768x432.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-1536x864.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-1200x675.jpeg 1200w\" data-lazy-sizes=\"(max-width: 2048px) 100vw, 2048px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5.jpeg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446276\" class=\"wp-image-446276 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5.jpeg\" alt=\"\" width=\"2048\" height=\"1152\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-300x169.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-1024x576.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-768x432.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-1536x864.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/C92455D1-96CC-408F-B7A4-D5B7AB6E90C5-1200x675.jpeg 1200w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"\/><\/a><\/p>\n<p id=\"caption-attachment-446276\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<p class=\"p4\"><span class=\"s2\">This means BTC is still far from the peak of its cycle, with five more phases ahead. Historically, these phases follow a predictable pattern, with the final \u201cblack\u201d phase marking the onset of a decline.<\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">If this pattern holds, BTC could surpass the highly anticipated $100,000 target that has captured market attention.<\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">AMBCrypto explored additional insights into why Bitcoin, despite these promising metrics, has yet to see its rally fully materialize.<\/span><\/p>\n<h2 class=\"p2\"><span class=\"s1\">Profit-taking activity slows BTC rally<\/span><\/h2>\n<p class=\"p4\"><span class=\"s2\">CryptoQuant\u2019s <a href=\"https:\/\/cryptoquant.com\/asset\/btc\/summary\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">latest insight<\/a> reveals that heightened profit-taking activity is weighing on Bitcoin\u2019s (BTC) price momentum, preventing it from making significant upward moves.<\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">The Adjusted Spent Output Profit Ratio (aSOPR), which measures whether investors are selling their BTC holdings at a profit or loss, sat at 1.049 at press time. <\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">A reading above 1 indicates that investors were selling at a profit, and this has added pressure on BTC\u2019s price, slowing its rally.<\/span><\/p>\n<div id=\"attachment_446290\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446290\" class=\"wp-image-446290 size-full\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-1200x675.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446290\" class=\"wp-image-446290 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR.png\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Adjusted-SOPR-aSOPR-1200x675.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-446290\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p class=\"p4\"><span class=\"s2\">Additionally, the Take Buy\/Sell Ratio, an indicator that shows whether buyers or sellers dominate the market, read 0.963 at the time of writing. <\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">This suggests that selling volume outweighs buying volume, giving bears the upper hand and further delaying BTC\u2019s upward movement.<\/span><\/p>\n<h2 class=\"p5\"><span class=\"s4\">Investors keep BTC from dropping<\/span><\/h2>\n<p class=\"p4\"><span class=\"s2\">CryptoQuant reports that U.S. investors have been actively buying Bitcoin (BTC) in recent days. <\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">The Coinbase Premium Index, which measures the price difference between BTC on Coinbase and Binance, has ticked higher, sitting at 0.1308. This is close to its November high of 0.1384.<\/span><\/p>\n<div id=\"attachment_446289\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446289\" class=\"wp-image-446289 size-full\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-1200x675.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446289\" class=\"wp-image-446289 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1.png\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Bitcoin-Coinbase-Premium-Index-1-1200x675.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-446289\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" data-wpel-link=\"internal\">Bitcoin\u2019s [BTC] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr\/>\n<p class=\"p4\"><span class=\"s2\">A positive reading on this index\u2014above zero\u2014indicates stronger buying activity from U.S. investors compared to other markets. <\/span><\/p>\n<p class=\"p4\"><span class=\"s2\">This increased demand has helped stabilize BTC\u2019s price, preventing further declines.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"previous-blog\">\n\t\t\t\t\t\t\t\t\t\t\tPrevious: <a href=\"https:\/\/ambcrypto.com\/orchid-crypto-trading-volume-soars-2500-in-24-hours-impact-on-oxt\/\" rel=\"next\" data-wpel-link=\"internal\">Orchid crypto trading volume soars 2500% in 24 hours: Impact on OXT?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/why-tron-bulls-should-be-cautious-before-going-long\/\" rel=\"prev\" data-wpel-link=\"internal\">Why Tron bulls should be cautious before going long<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/bitcoins-historic-correlation-reveals-why-btc-can-rally-beyond-100k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts believe that BTC might be on the verge of a major rally, citing historic on-chain indicators. However, profit-taking continues to apply downward pressure, limiting immediate gains.\u00a0 Bitcoin [BTC] has &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=130366\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-130366","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130366"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130366\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}