Bitcoin is currently holding above the 20-day moving average and finishing higher on the daily chart. Historically, when Bitcoin wants to rise, it preserves the 20-day MA and pushes higher from there. Another positive sign is that wallets with 1,000 BTC or more are increasing, suggesting giants are accumulating as retail participants exit.
For the market to advance, large holders must continue to accumulate while smaller traders step back, though risks remain given the recent surge in funding rates for perpetual futures. In the altcoin space, this piece is the second in the Escape Series focusing on Ethereum. Ethereum has been a widely held asset, aided by ETF chatter and endorsements from notable figures, yet this cycle Bitcoin outperformed Ethereum—Bitcoin surged about 745% from its cycle low to high, while Ethereum rose roughly 455%.
With such risk dynamics, investors may question whether more volatile assets are worth chasing. Still, past cycles offer lessons as we evaluate where resistance could emerge next, looking for clues from historical price action. As the discussion proceeds, the takeaway remains to observe key resistance zones and the broader trend, using prior cycles as a guide to potential rebounds and pullbacks.
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