Is the Bitcoin Bull Run Over? Long-Term Indicator Data Reveals the Answer
Is Bitcoin Running Out of Power? Data From Long-Term Indicators Reveals Answer
Cryptocurrency analytics firm Alphractal has just published a detailed review, using custom indicators to analyze Bitcoin price trends .
Realized Capitalization Index: Resistance Recurring
According to the report, Bitcoin's Realized Capitalization Index has hit resistance similar to key milestones in 2019 and March 2024 .
This is a sign of a potentially difficult period if there is no breakthrough.
In addition, the company also introduced the Long-Term Realized Capital Impulse Index (LTRCI) , which focuses on long-term capitalization volatility.
This indicator is designed to analyze the supply and demand balance, helping to better understand major market trends.
“LTRCI brings a fresh perspective to analyzing market demand based on on-chain data,” Alphractal said.
Short term not out of hope
In addition to long-term data, the company also analyzes the Realized Capital Impulse index , which focuses on short-term volatility. This index shows:
Investor excitement has yet to fully explode.
This could imply that Bitcoin still has room to grow.
Forecast: Growth or correction?
Alphractal warns that any decline in this indicator could cause Bitcoin prices to fall.
Conversely, if the index increases, the market will move into a more positive phase, accompanied by strong volatility.
The analysis from Alphractal highlights that Bitcoin is at a crucial transition phase where every small movement can have a big effect on the market.