Bitcoin’s Next Move: A Final Leg Up or Just the Beginning? Analyst Weighs In

Quick Summary:

"Suggests that we are entering a phase of increased market activity, but the proportion of young UTXOs is not yet at the historical peak levels.” – By @IT_Tech_PL Link 👇 pic.twitter.com/pxegbBrpBX — CryptoQuant.com (@cryptoquant_com) January 28, 2025 This provides room for Bitcoin to continue its upward trajectory, but market participants should remain vigilant.

IT Tech concluded by noting: The chart suggests that we are entering a phase of increased market activity, but the proportion of young UTXOs is not yet at the historical peak levels.

Related Reading: Bitcoin Hovers Above $104K—Analyst Reveals What’s Next Based on Funding Rates What the Data Suggests About Bitcoin’s Future IT Tech, a contributor to the CryptoQuant QuickTake Platform, recently shared insights on Bitcoin’s current cycle behavior.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin analysis BTCUSDT Btc Cryptoquant Cryptocurrency Market News Crypto market Bitcoin Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 23:00:47 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 88 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25592001

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions