Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

.Dao: the domain for decentralized communities and administration

2025-05-11

XRP has to close above these price levels to make Beararish forecast invalid

2025-05-11

Optimism [OP] Breaks $ 0.85 neckline – this is what it means for traders

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    DAC and Origo Partner to transform health care via Web3 Innovation

    2025-05-11

    Tether to make non-right wallet template: Details

    2025-05-11

    Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

    2025-05-11

    DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

    2025-05-11

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP has to close above these price levels to make Beararish forecast invalid

    2025-05-11

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin at $56K – Here’s What Could Cause BTC’s Next Bull Run
Bitcoin

Bitcoin at $56K – Here’s What Could Cause BTC’s Next Bull Run

2024-09-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
Avatar

contributor

Posted: September 11, 2024

  • Bitcoin bulls defied bearish odds and caused a short squeeze.
  • However, the wave lacked momentum, leaving room for another “dip” that would fuel renewed hope.

Bitcoin [BTC] started the second week of September with bullish momentum, defying bearish expectations and closing above $57K. However, the rally was short-lived, with BTC trading at $56,407 at the time of writing.

Surprisingly, the decline followed a rise at a long time positionscreating speculation about a short-squeeze-induced hype.

BTC long/short ratio

Source: Coinglass

As expected, longs outperformed shorts and remained confident of an impending reversal.

Moreover, an increase in the number of futures traders going long is in line with the price increase. For example, during the mid-August rally to $64,000, longs consistently had the upper hand, keeping shorts at bay.

Since then, however, the ratio has become more erratic, keeping the price below $60,000. The $56,000 support is now crucial. If the short position in the market increases, the chances of a recovery may decrease.

LTH trust alone may not be enough

The reserve risk indicates that long-term holders have confidence in Bitcoin’s price. Investing during green zone periods has historically produced outsized returns.

LTH showed great confidence in BitcoinLTH showed great confidence in Bitcoin

Source: Bitcoin Magazine Pro

Furthermore, when confidence is high and the price is low, there is an attractive risk/reward to investing in Bitcoin at that point.

Simply put, investors monitor LTH activity to gauge market sentiment. If this sentiment shows optimism, it could attract more traders.

Nevertheless, the lack of confidence from short-term holders remains proven the $850 million BTC sell-off reinforces AMBCrypto’s short-squeeze analogy.

See also  How this Bitcoin cohort is helping the king coin's stability

In short, where is the price likely to settle as the market slides into deep fear?

Identifying the BTC price floor

As mentioned earlier, it is crucial to maintain the $56,000 range. Monitoring this level closely will indicate BTC’s next direction.

MVRV Z scoreMVRV Z score

Source: BM Pro

An MVRV ratio of 1.8 shows that Bitcoin’s market value is 1.8x its realized value, indicating the average gain for the holder. If this is achieved, it could create selling pressure.

Therefore, a market top is unlikely unless a Fed rate cut weakens the Dollar Index, creating outright bull momentum.

However, a price bottom, which occurs when the market value falls below the realized value, can signal capitulation and set in motion the next cycle.


Read Bitcoin’s [BTC] Price forecast 2024–2025


According to AMBCrypto, BTC is likely to drop to around $40,000 before a potential reversal, with a bearish pullback needed for a recovery.

Without this, consolidation could continue.

Previous: FET Price Prediction: What’s Next After a 30% Jump in Three Days?

Next: Metaplanet Adds $2.1 Million to Bitcoin Holdings: ‘Buy the Dip’?

Source link

56K Bitcoin BTCs Bull Heres run
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

2025-05-11

Bitcoin Price Watch: Miners show strength, but lungs are in danger – why?

2025-05-11

Bitcoin Bulls Beware! – This price can be a high -leverage false door

2025-05-11

Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

2025-05-11
Add A Comment

Comments are closed.

Top Posts

XRP exceeds 1 million transactions per minute after court ruling

2023-07-17

US House of Representatives Officials Urge President Biden to Release Binance Employee Jailed in Nigeria: Report

2024-06-06

The FBI joins investigation into SEC X account compromise

2024-01-11
Editors Picks

The request of the institution increases as sales pressure reduces

2025-02-12

Bitcoin ETFs Are Losing Money as BTC’s Post-Election $100,000 Rally Stalls

2024-12-25

House passes FIT21 crypto bill with bipartisan majority support

2024-05-23

CZ Hints at the upcoming BNB chain AI agent -tutorial

2025-02-18
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

.Dao: the domain for decentralized communities and administration

XRP has to close above these price levels to make Beararish forecast invalid

Optimism [OP] Breaks $ 0.85 neckline – this is what it means for traders

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,705.880.07%
  • ethereumEthereum(ETH)$2,492.82-2.70%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.36-3.27%
  • binancecoinBNB(BNB)$649.88-0.88%
  • solanaSolana(SOL)$171.66-1.60%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.230350-5.53%
  • cardanoCardano(ADA)$0.80-2.80%
  • tronTRON(TRX)$0.2647820.83%
  • suiSui(SUI)$3.99-0.88%
  • chainlinkChainlink(LINK)$16.90-2.36%
  • avalanche-2Avalanche(AVAX)$24.62-3.42%
  • stellarStellar(XLM)$0.305604-2.38%
  • shiba-inuShiba Inu(SHIB)$0.000016-3.15%
  • hedera-hashgraphHedera(HBAR)$0.204806-5.22%
  • the-open-networkToncoin(TON)$3.36-2.91%
  • hyperliquidHyperliquid(HYPE)$24.81-2.88%
  • piPi(PI)$1.1450.99%
  • bitcoin-cashBitcoin Cash(BCH)$406.95-4.81%
  • polkadotPolkadot(DOT)$5.07-1.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-1.17%
  • litecoinLitecoin(LTC)$99.56-4.55%
  • moneroMonero(XMR)$331.032.54%
  • pepePepe(PEPE)$0.0000141.21%
  • bitget-tokenBitget Token(BGB)$4.86-1.11%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.87-2.59%
  • bittensorBittensor(TAO)$450.42-2.01%
  • nearNEAR Protocol(NEAR)$3.13-4.31%
  • aptosAptos(APT)$5.87-1.21%
  • aaveAave(AAVE)$219.11-3.75%
  • okbOKB(OKB)$54.98-0.72%
  • ondo-financeOndo(ONDO)$1.03-4.68%
  • kaspaKaspa(KAS)$0.1175938.56%
  • internet-computerInternet Computer(ICP)$5.730.09%
  • ethereum-classicEthereum Classic(ETC)$19.81-3.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.72-4.87%
  • gatechain-tokenGateToken(GT)$21.82-2.15%
  • render-tokenRender(RENDER)$5.18-5.07%
  • mantleMantle(MNT)$0.801.23%
  • vechainVeChain(VET)$0.031078-1.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255899-4.83%
  • crypto-com-chainCronos(CRO)$0.097955-4.82%
  • ethenaEthena(ENA)$0.400968-3.42%
  • arbitrumArbitrum(ARB)$0.449807-7.15%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • filecoinFilecoin(FIL)$3.13-2.02%
  • cosmosCosmos(ATOM)$5.290.29%
  • bitcoinBitcoin(BTC)$103,705.880.07%
  • ethereumEthereum(ETH)$2,492.82-2.70%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.36-3.27%
  • binancecoinBNB(BNB)$649.88-0.88%
  • solanaSolana(SOL)$171.66-1.60%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.230350-5.53%
  • cardanoCardano(ADA)$0.80-2.80%
  • tronTRON(TRX)$0.2647820.83%
  • suiSui(SUI)$3.99-0.88%
  • chainlinkChainlink(LINK)$16.90-2.36%
  • avalanche-2Avalanche(AVAX)$24.62-3.42%
  • stellarStellar(XLM)$0.305604-2.38%
  • shiba-inuShiba Inu(SHIB)$0.000016-3.15%
  • hedera-hashgraphHedera(HBAR)$0.204806-5.22%
  • the-open-networkToncoin(TON)$3.36-2.91%
  • hyperliquidHyperliquid(HYPE)$24.81-2.88%
  • piPi(PI)$1.1450.99%
  • bitcoin-cashBitcoin Cash(BCH)$406.95-4.81%
  • polkadotPolkadot(DOT)$5.07-1.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-1.17%
  • litecoinLitecoin(LTC)$99.56-4.55%
  • moneroMonero(XMR)$331.032.54%
  • pepePepe(PEPE)$0.0000141.21%
  • bitget-tokenBitget Token(BGB)$4.86-1.11%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.87-2.59%
  • bittensorBittensor(TAO)$450.42-2.01%
  • nearNEAR Protocol(NEAR)$3.13-4.31%
  • aptosAptos(APT)$5.87-1.21%
  • aaveAave(AAVE)$219.11-3.75%
  • okbOKB(OKB)$54.98-0.72%
  • ondo-financeOndo(ONDO)$1.03-4.68%
  • kaspaKaspa(KAS)$0.1175938.56%
  • internet-computerInternet Computer(ICP)$5.730.09%
  • ethereum-classicEthereum Classic(ETC)$19.81-3.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.72-4.87%
  • gatechain-tokenGateToken(GT)$21.82-2.15%
  • render-tokenRender(RENDER)$5.18-5.07%
  • mantleMantle(MNT)$0.801.23%
  • vechainVeChain(VET)$0.031078-1.85%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255899-4.83%
  • crypto-com-chainCronos(CRO)$0.097955-4.82%
  • ethenaEthena(ENA)$0.400968-3.42%
  • arbitrumArbitrum(ARB)$0.449807-7.15%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • filecoinFilecoin(FIL)$3.13-2.02%
  • cosmosCosmos(ATOM)$5.290.29%