Bitcoin Bull Run: Is This the End or Just the Beginning?
Bitcoin's latest surge has everyone asking—are we witnessing the last gasp of the bull run or the first inning of a mega-rally?
Market whispers grow louder as BTC flirts with key resistance levels. Institutional money keeps flowing in, but retail FOMO feels... suspiciously quiet.
The halving aftermath typically sparks fireworks. This time? Price action moves like a caffeinated sloth—slow burns punctuated by violent spikes.
Meanwhile, Wall Street 'experts' still can't decide if crypto's the future or a Ponzi scheme. Pro tip: follow the hedge funds secretly stacking SATs while publicly trashing the asset class.
One thing's certain: volatility's back on the menu. Buckle up.
Bitcoin has been making people nervous lately. With price swings and multiple failed attempts to push past $112,000, many are wondering, is the bull run over? Are we entering another bear market?
But, according to experienced crypto trader Mags, analysis suggests that Bitcoin may be preparing for another major rally.
Bitcoin’s 50-WMA Hints at $130K Level
In a recent tweet, Mags pointed out that Bitcoin’s 50-week moving average (50 WMA) has long acted as a strong support level. Whenever bitcoin touched this line before, it often bounced back and moved higher.
Mags’ chart highlights several historical “BUY” signals when Bitcoin touched the 50 WMA and later surged higher. The only “SELL” signal occurred back in early 2022, when BTC failed to hold above the moving average. Since then, the 50 WMA has continued to act as a strong support line.
#Bitcoin – Bear market incoming?
A lot of people think Bitcoin is heading into a bear market.
The easiest way to check? Look at the 50 Weekly Moving Average.
If you notice, the 50-week MA has been a strong support over the years. Every time Bitcoin dips to this 50 WMA , it… pic.twitter.com/fsPZvjxrgM
If history repeats, Bitcoin could soon break past $112,000 and head toward $130,000 or more.
On-chain Activity Points to Accumulation
Adding to this perspective is some recent large-scale on-chain activity. According to crypto analyst Maartunn, over 19,400 BTC, worth around $2.11 billion, were recently moved out of dormant wallets into institutional-grade addresses. These coins had not been touched for three to seven years.
Institutional Accumulation Incoming?
Three large transactions hit the chain this morning, moving dormant coins into likely institutional wallets:
•
Tx 1
3y–5y: 8,002 BTC
•Tx 2
3y–5y: 2,438 BTC
5y–7y: 6,000 BTC
•Tx 3
5y–7y: 3,002 BTC
In… pic.twitter.com/pGF4YFkxFb
While such moves often hint at strategic selling, it suggests large investors might step in to buy while the price stays steady
Short-Term Pressure Still Exists
While everything isn’t just bullish yet. According to CryptoQuant data, the Cumulative Volume Delta (CVD) is still negative. This suggests ongoing short-selling by takers, showing that some traders are betting against a breakout, at least for now.
