So, Bitcoin, huh? Itâs back up to $85,000 after a 4.3% jump in the last 24 hours. I mean, who knew? Investors are suddenly optimistic, like they just found a dollar in their old coat pocket. But hold on a second! đ¤
While Bitcoin is doing its little dance, the on-chain data is waving a big red flag. Market demand? Weak! Like, âIâll have a saladâ weak. This could mean that this rally is about as sustainable as a paper umbrella in a rainstorm. âď¸
Bitcoin Demand: The Shrinking Violet
According to some guy named Darkfost from CryptoQuant, Bitcoinâs demand is at its lowest point of the year. Great! Just what we needed. His analysis shows a steady decline in Bitcoin accumulation since December 2024. Itâs like watching a slow-motion train wreck, but with less excitement. đđĽ
And letâs not forget the economic and political chaos swirling around. Investors are acting like they just saw a spider in their bathroomâcautious and ready to run! đˇď¸đ¨
Darkfostâs genius idea? He measures demand by comparing new supply to the supply thatâs been sitting there, gathering dust for over a year. When that ratio dips below zero, itâs like saying, âHey, nobody wants this stuff!â
The weakest Bitcoin demand of the year
âDemand has been weakening since December and continues to decline over time. This suggests that investors are becoming more cautious and may be shifting toward less risky assets.â â By @Darkfost_Coc
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â CryptoQuant.com (@cryptoquant_com) March 14, 2025
So, despite the price bouncing around like a hyperactive kid, investor interest is fading faster than my enthusiasm for a Monday morning meeting. đ
And whatâs the deal with the broader economic uncertainties? Itâs like a bad sitcom that just wonât end. Investors are flocking to safer assets, which explains why Bitcoinâs accumulation is slowing down. Darkfost, youâre a real ray of sunshine! âď¸
Now, donât get me wrong, this doesnât mean weâre heading for a total disaster. But letâs be real, the market is as fragile as my grandmaâs favorite china. One wrong move, and itâs all over! đŹ
Key Levels and BTC Predictions: The Crystal Ball
Despite the doom and gloom, some analysts are still holding onto hope. Javon Marks, a crypto analyst with a following, thinks Bitcoin could hit over $500,000. Sure, and I could win the lottery! đ°
This pattern confirmation on Bitcoin suggests to get ready for All Time Highs to return because strength is still underlying in prices despite the pullbacks!
A massive +36% recovery, pre-continuation, and based on the previous setup, the continuation can be massive.$BTC
â JAVONMARKS (@JavonTM1) March 13, 2025
Heâs pointing to historical price structures like theyâre some kind of magic eight ball. And another analyst, Ali, is talking about an ascending triangle formation. Sounds fancy, right? But if BTC breaks past $84,000, we might see a 9% surge. Or we might not. Who knows? đ¤ˇââď¸
As of now, BTC has already crossed that critical level. So, if buying pressure holds, we might be in for a wild ride. Buckle up, folks! đ˘
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2025-03-15 17:48