Lookonchain APP

App Store

April and October are traditionally strong months for Bitcoin, and historical data suggests a strong rebound before June.

1 days ago

On March 16th, as per Cointelegraph's report, analyst Timothy Peterson pointed out in a new chart analysis that Bitcoin is on the verge of entering the traditional strong months - the "Golden Window Period" consisting of April and October. If the historical seasonal pattern repeats, Bitcoin is expected to soar to $126,000 by June 1st, compared to the current price of $82,967, indicating a more than 50% increase. Peterson stated that the current Bitcoin price is close to the lower limit of the historical seasonal fluctuation range. In his chart analysis, he emphasized, "Historically, Bitcoin has spent only 4 months below the trend line on average. The red dashed trend line points to the $126,000 target on June 1st, which closely aligns with the high-speed breakout pace after a corrective phase in historical bull markets. Data shows that there have been five corrections of over 20% since 2023, but each correction has been followed by a stronger rally. The bull market is not over; the current phase is just a short-term pullback." Market observers generally believe that Bitcoin's correlation with traditional financial assets has strengthened. It may be temporarily influenced by the volatility of the US stock market, but its unique deflationary properties and geopolitical hedging demand will lead to an independent trend before June.
Relevant content

Gemini Appoints New CFO Dan Chen

On March 18th, the cryptocurrency exchange Gemini appointed Dan Chen as its new Chief Financial Officer (CFO), likely in anticipation of an upcoming initial public offering (IPO). Chen previously held the position of Vice President of Capital Markets at Affirm and stated, "Cryptocurrency is the most dynamic industry within the financial sector, and Gemini is at the forefront of this revolution, enabling users to participate in the digital asset market in a straightforward and secure manner."

6 minutes ago

TRON's revenue surged past $2 billion last year, a year-over-year increase of 116%.

On March 18th, TRON DAO made an announcement. It stated that the TRON network is expected to generate an annual revenue of more than $2 billion by 2024, with a year-on-year growth rate of 116%. Furthermore, TRON has completely burned the TRX transaction fees, making it one of the few blockchains with deflationary characteristics.

6 minutes ago

Bitfarms has completed the acquisition of Stronghold Digital Mining

On March 18th, according to Decrypt, the Bitcoin mining firm Bitfarms has announced the accomplishment of its acquisition of Stronghold Digital Mining. The deal is valued at $175 million, with $125 million in equity. Bitfarms stated that this acquisition will assist the company in optimizing operations by making use of the newly acquired data centers and will provide computing resources to an AI company, thereby promoting its growth in high-performance computing and AI. This acquisition not only raised Bitfarms' market valuation but also made it more difficult for its competitor, Riot Blockchain, to acquire it. Since 2023, Riot has been trying to acquire Bitfarms, and this transaction may enhance Bitfarms' position in the industry consolidation.

6 minutes ago

On Polymarket, the probability of "The Fed will end its quantitative tightening policy before May" has reached 100%.

On March 18th, the probability on Polymarket that "The Fed will end quantitative tightening before May" has reached 100%, and the total trading volume has exceeded $6.25 million.

6 minutes ago

Ripple Applies for Custody and Wallet Trademark, Expanding Crypto Custody Business

On March 18th, Ripple Labs submitted a trademark application for "Ripple Custody." As per the application documents, this trademark encompasses financial services such as the storage and management of cryptographic assets to fulfill financial management requirements. This trademark application comes shortly after Ripple launched custody services in October 2024, indicating that the company is aiming to expand its revenue sources beyond payment settlement. Furthermore, the trademark application also mentions "downloadable cryptocurrency, fiat currency, virtual currency, and digital currency custody, transfer, and storage software," which may imply that Ripple is contemplating launching an official cryptocurrency wallet. Currently, the company has not offered official wallet services. However, if launched, this product may support XRP and other digital assets, creating a new revenue stream through transaction fees. A spokesperson for Ripple declined to comment on the trademark applicatio

6 minutes ago

Bitcoin Surges Past $84,000

On March 18th, according to HTX market data, Bitcoin rebounded and reached above $84,000, registering a 24-hour gain of 0.60%.

6 minutes ago