After dipping to $74k due to economic turmoil, Bitcoin has jumped 25% since then, but that might just be the beginning. Robert Breedlove, a top crypto expert, believes the real surge is yet to come. He’s pointing to three major signs that could mean a huge breakout for Bitcoin is right around the corner.
Ready to find out what’s next? Let’s dive in!
Miners Are Hitting Their Limits
The first is the “Average Miner Cost of Production” chart shared by Blockware. This chart measures how much it costs, on average, to mine 1 Bitcoin. Looking at the pattern, Bitcoin price rarely stays below the cost of mining for long. Every time Bitcoin fell below it before, it was the lowest point before a big price jump.
It’s happened six times before, most recently in September 2024, and now, it’s flashing again.
Long-Term Holders Are Buying More Bitcoin
Another key metric shows that long-term holders, people who haven’t moved their BTC in at least 155 days, are buying more coins. In the last 30 days alone, they’ve added about 150,000 Bitcoin.
That shows strong belief in Bitcoin’s future and means there’s less supply being sold. And when there are fewer sellers, prices usually go up.
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More Money Is Entering the Market
The final and maybe most powerful signal is rising fiat liquidity, especially U.S. dollars. As more dollars flow into the financial system, there’s more money available to buy Bitcoin.
As ETFs, Bitcoin bonds, and big companies start buying BTC, it becomes easier for money to flow in.
So while things may look calm now, this quiet signal suggests a bigger Bitcoin rally could be right around the corner.
As of now, Bitcoin price is trading around $96,676, reflecting a rise of 1.5% seen in the last 24 hours, with a market cap hitting $1.92 trillion.
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FAQs
When Bitcoin’s price approaches or falls below the average cost to mine it, historical data suggests a rebound is likely, as miners typically reduce selling pressure.
An influx of fiat currency into the financial system increases available capital for Bitcoin investments, potentially driving up demand and price.
Source: https://coinpedia.org/news/top-3-reasons-why-bitcoin-price-is-about-to-explode-25/