Jakub Dziadkowiec

3 mins In Brief Renowned analyst @therationalroot pointed out on X (Twitter) that the BTC price has reached its second highest close on the 15th anniversary of the launch of the Bitcoin network.

Following the successful approval of the spot Bitcoin ETF by the SEC, the eyes of cryptocurrency market participants are slowly turning to the second biggest event of 2024 – the BTC halving. Reducing the reward for miners of the Bitcoin network by half has historically catalyzed a mature bull market. However, high volatility has historically characterized BTC price action in the weeks and months leading up to the halving event. 2016 Bitcoin experienced a large surge, only to undergo a correction immediately following the halving. In 2020, on the other hand, deep declines occurred 2 months before halving and were

Rising Bitcoin prices and on-chain signals suggest an overheating crypto market, especially relevant with the upcoming Bitcoin halving.

4 mins In Brief Prominent on-chain analysts point to indicators of a long-term reversal in the cryptocurrency market that signal the start of a new bull market.

Bitcoin's halving in April 2024 will cut miner rewards to 3.125 BTC. Analysts recommend accumulation and dollar cost averaging now.

Bitcoin's long-term chart shows a rising curve, indicating its impressive price surge. Analyst Willy Woo compares its yearly performance with major assets.

For the past six months, the Fear and Greed Index has been above 50, and today once again reached a level of extreme greed.

When the on-chain MVRV Z-Score reached the 2 area in previous cycles, the Bitcoin price suffered a deeper correction.

Long-term technical analysis of cycles suggests a peak of Bitcoin (BTC) price in the $155,000 - $175,000 range.

Short-term holders (STH) are showing increasing enthusiasm and are more eager to accumulate Bitcoin (BTC).