The post Bitcoin Eyes New Accumulation Cycle After Reaching A Critical Region, Will It Trigger The Next Major Rally? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Even though Bitcoin surged by nearly 10% between March 5 and 6, reaching as high as the $92,000 level, uncertainty still lingers around the flagship asset. BTC has fallen below the $90,000 mark for the third time this week, but on-chain data shows that the asset is at a critical region that hints at a possible bullish phase in the near future. A New Accumulation Cycle For Bitcoin Looming? As the market faces persistent heightened volatility, Bitcoin’s price is at a pivotal junction that hints at its next trajectory. Advanced investment and on-chain platform Alphractal outlined the development following its historical publication of the powerful Bitcoin Alpha Price metric. After examining the Alpha Price metric, the platform highlighted that BTC had reached a critical region that must be closely monitored in the upcoming days. This region is crucial since it could trigger the start of a new accumulation phase, suggesting renewed interest from long-term investors. In the past, similar price zones have indicated times of indecision, which frequently precede significant bullish or bearish trends. According to Alphractal, this region recently visited by BTC is considered to be the final support level before a more severe downward move.  Potentail new accumulation cycle for BTC | Source: Alphractal on X However, the most likely scenario for BTC is a price capitulation if the asset increases but, for whatever reason, loses the third dotted line on the chart based on past data. In the meantime, the level has served as support and has been respected over the past year. After reaching the critical region, several market participants contend that the present price action is mirroring the movement from the 2021 cycle, particularly between April and May. If such is the…

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Filed under: News - @ March 7, 2025 8:25 pm