The cryptocurrency market is steadily improving, and the price of Bitcoin (BTC) is leading the charge. The currency has increased in value by 3.5% as of this writing, reaching $46,254.46, which is its highest price in weeks. Given the current situation, Bitcoin has increased its weekly gain by 7.18%, highlighting the overall transformation of the market.
Rare Bitcoin signal
Leading market analyst Ali Martinez has observed that the price of Bitcoin has flashed a unique “Super Trend” that is currently showing a “buy” signal on the monthly charts. The expert notes that the emergence of these signals is associated with massive price runs, and the stage is set for Bitcoin as well.
Martinez pointed out that the price of Bitcoin went parabolic on the four instances in its history that this signal appeared, reaching growth surges of 169,172%, 9,900%, 3,680%, and 828%, respectively.
Based on this pattern, if the historical circumstances of the rally decide to recur, Bitcoin may be set up for a more than 100% increase. This aggressive price level may indicate a higher run above the $100,000 price threshold, a pattern that will support the forecasts made by market analysts a few months ago.
https://x.com/ali_charts/status/1755693199627018519?s=20
Fundamentals are ripe
The fundamentals are incredibly positive given the spot effect of the Bitcoin ETF, even though the technical setup of the price of Bitcoin indicates a significant rise is imminent.
In addition, the impending half of the Bitcoin price is a significant stimulus that, over time, has the potential to significantly increase price. Market experts like Samson Mow anticipate a massive run, which is slated for April.
The supply shortage brought on by spot Bitcoin ETF issuers and the overall effects of the halving event form the basis of this expert’s theory.
