Lookonchain APP

App Store

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

5 hours 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

「Hyperliquid Whale」 Reverses 40x Short Position from Profit to Loss, Adds Another $5M Margin

On March 17th, according to data from HyperInsight, just 1 minute ago, the "Hyperliquid 50x Whale" once more boosted their collateral by $5 million. Their 40x short position in BTC has gone from being in profit to incurring a loss. Currently, the unrealized loss is $2.14 million. The current notional value of the position is $381 million. The entry price is $84,018.8, and the liquidation price has been raised from $85,504 to $86,593.

3 hours ago

Bitcoin Soars to Break $85,000 Barrier, Then Retraces, Now Trading at $84,280

On March 17th, based on HTX market data, Bitcoin witnessed a rapid upward surge and broke through $85,000 before pulling back. Currently, it is trading at $84,280, with a 24-hour decline of 0.08%.

3 hours ago

Bitcoin Dips Below $84,000, 24-hour Loss of 0.2%

On March 17th, based on HTX market data, Bitcoin dropped below $84,000, and the current price is $83,977, with a 0.2% decrease in the past 24 hours.

3 hours ago

In the past 1 hour, there was a total of $66.17 million in liquidations across the network, with the largest being a short liquidation.

On March 17th, based on Coinglass data, a total of $66.17 million was liquidated across the network in the past 1 hour. Among them, $20.62 million was in long liquidations and $45.54 million was in short liquidations.

3 hours ago

Cryptocurrency total market cap drops to $2.8 trillion, with a 24-hour decrease of 3.3%.

On March 16th, as per Coingecko data, the total cryptocurrency market capitalization has plummeted to $2.8 trillion, with a 24-hour decline of 3.3%.
On the day of Trump's second inauguration (January 20th), the total cryptocurrency market capitalization stood at $3.621 trillion. Since Trump took office, the total cryptocurrency market capitalization has decreased by around $821 billion, representing a decrease of 22.7%.

3 hours ago

DOGE's Recently Active Addresses Surge, Short-Term Peak Exceeds 390,000

On March 16th, based on Santiment data, the number of active addresses for DOGE has witnessed a significant surge of approximately 400% recently and reached a short-term peak of more than 390,000. Nevertheless, it still lags far behind the peak of 1.64 million on November 22nd, 2024.

3 hours ago