Bitcoin (BTC) 
$71,218 price As expected, it regained $ 67,000 and climbed above $ 70,000 again. This has enabled many altcoins to make significant gains. For almost 100 days, the king cryptocurrency has been stalling below $70,000. So what happens now? What are the analysts’ evaluations?
Warning to Cryptocurrency Investors
Kyledoops warned investors after the latest exciting rise. Amid continued strong demand in the ETF channel, optimism about the last quarter, and the upcoming US elections, BTC price rose as high as $71,587. Resistance here is at $71,500 and even consolidation at higher levels is in altcoins’ favor.
Kyle shared the market value to open positions ratio chart below and wrote:
“Marketcap/Open Interest (OI) ratio, FTX It warns of increased risk, influenced by turbulence such as the crash (August 2023) and Binance’s market maneuvers since August 2024. As platforms like Coinbase increase ETF exposure, the rise in open positions of centralized exchanges further increases the risk. In this volatile environment, sharp risk management is crucial.”
Will Cryptocurrencies Rise?
Crypto Columbus, on the other hand, draws attention to the dominance of stablecoins. More capital in stablecoins indicates that investors have a lower risk appetite. In other words, stablecoin dominance data, which sees the ratio of stablecoins to the total market value, is one of the most important details. There is an important development here. As Bitcoin breaks the trend line USDT.D (USDT market dominance) broke the downward trend.
If USDT.D is falling, it means we should see the rest of the cryptocurrencies rise. For this reason, the analyst hopes that the latest attempt will be successful.
Mustache wrote:
“The moment will come when you realize that everything is just a game of patience.
I’ve been sharing this chart since $BTC hit bottom in 2022. So far it’s going the same way as in previous cycles. The next and best phase of this cycle begins.”
Michael Poppe drew attention to the bottom in the ETHBTC parity. BTC While rising, ETH has been lagging behind for a long time, which has led to new lows in BTC parity.
“Ethereum
$2,623 It reached the level of 0.035 BTC. The last time we fell was during Unemployment data week. This is by far the most important period of this year and, in my opinion, marks the lowest point. Interest rates decreased = ETH increased. Altcoins are also waking up.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
