Recent market analysis indicates that Bitcoin may be on the verge of a new upward trend due to increased liquidity and shifts in market dynamics.
Changes in Liquidity and Expectations
Since June, Bitcoin has experienced a notable increase in liquidity, which hasn't been seen in the last three years. Despite not breaking its historical highs, this liquidity boost fosters expectations for continued upward movement.
> "The awaited signal has come: BTC liquidity is expanding for the first time in three years. Although not a breakthrough, it's a positive move," shared Bitcoin Vector.
Historical Signals in the Market
Bitcoin Vector’s analysis points to significant structural and price momentum changes. Historically, these factors have opened the way for sizable price increases and indicate a renewed vibrant market environment.
> "The combination of structural change and price momentum foreshadows a bull run. This pattern has ignited bullish trends previously and appears to be initiating once more," the firm emphasized.
Bitcoin's Performance Compared to Ethereum
Over the last year, Bitcoin has notably surpassed Ethereum, appreciating by 74% while Ethereum decreased by 28%. Bitcoin’s dominance in the market has increased, while Ethereum's valuations and transaction numbers have lagged.
> "BTC’s outperforming ETH by rising 74% underscores the shift in market dynamics. However, with BTC’s growing dominance, ETH has become undervalued, and a rotation is anticipated," noted Bitcoin Vector.
The recent liquidity enhancements and technical advancements of Bitcoin may signal the commencement of a lasting bullish wave. Ethereum, while currently less active, is expected to pursue recovery.
