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NullTx 2024-12-17 06:47:45

Bitcoin Hits $101.5K As Market Awaits Its Next Big Move

Bitcoin has surged back to $101.5K, closing the week on a high note. Despite this rally, buy calls on social media remain surprisingly quiet, signaling a cautious sentiment among traders. For those seeking to time their trades, historical patterns and market cycles may provide valuable insights into when to buy (during panic) and sell (during greed). Bitcoin has climbed back to $101.5K as crypto's week closes. Buy calls are quiet on social media. For Bitcoin's next big swing, this chart will be highly useful as to when to buy (while the crowd is panicked) and sell (while the crowd is greedy). https://t.co/Ub7Cb7UyqA pic.twitter.com/WmaF2YFi8Z — Santiment (@santimentfeed) December 14, 2024 If Bitcoin mirrors the price behavior of its 2015 and 2018 cycles, the next market peak could occur in October 2025. If #Bitcoin follows the patterns of the 2015 and 2018 cycles, the next market top could hit in October 2025. But if $BTC mirrors the 2011 cycle, the market top is already in! pic.twitter.com/YSEzKKf95T — Ali (@ali_charts) December 13, 2024 However, if $BTC follows the trajectory of its 2011 cycle, the current market top may already be in. These varying scenarios have sparked speculation among analysts and investors about Bitcoin’s long-term trajectory. If #Bitcoin follows the patterns of the 2015 and 2018 cycles, the next market top could hit in October 2025. But if $BTC mirrors the 2011 cycle, the market top is already in! pic.twitter.com/YSEzKKf95T — Ali (@ali_charts) December 13, 2024 December has been an active month for Bitcoin miners, who have sold over 140,000 $BTC, amounting to a staggering $13.72 billion. Such significant sell-offs by miners are often seen as pivotal moments that influence short-term price movements, adding to market volatility. So far in December, #Bitcoin miners have sold over 140,000 $BTC , totaling $13.72 billion! pic.twitter.com/1g3sCo6uJM — Ali (@ali_charts) December 14, 2024 Bitcoin Spot ETFs Sees Massive Inflows Meanwhile, Bitcoin spot ETFs are experiencing a wave of inflows. On December 13 alone, these ETFs recorded a total net inflow of $429 million, marking 12 consecutive days of net positive movement. BlackRock’s IBIT ETF contributed the lion’s share, with daily inflows of $393 million. The combined net asset value of Bitcoin spot ETFs now stands at an impressive $114.969 billion, reflecting growing institutional interest in the leading cryptocurrency. Bitcoin spot ETF had a total net inflow of $429 million on December 13, continuing its net inflow for 12 consecutive days. BlackRock ETF IBIT had a net inflow of $393 million per day. The total net asset value of Bitcoin spot ETF is $114.969 billion. https://t.co/59u0BnEqLG pic.twitter.com/dkQIYxF4Y8 — Wu Blockchain (@WuBlockchain) December 14, 2024 As Bitcoin continues to make headlines, the crypto market watches closely for signs of the next major price swing. Whether the market top is still ahead or already behind us, understanding historical cycles and monitoring key data points like miner activity and ETF inflows will be critical for navigating the road ahead. For now, Bitcoin’s trajectory remains a focal point of global financial markets. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: releon003/ 123RF // Image Effects by Colorcinch

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