Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Bitcoin ATH Incoming? Analyst Flags Indicators That Preceded Every Major BTC Rally

Source Newsbtc

Bitcoin continues to extend its recent recovery, gaining over 15% in the past two weeks to reach a market price of $97,559 at the time of writing. This renewed momentum brings the asset closer to the $100,000 psychological level, marking a potential turning point for investor sentiment in the broader crypto market.

While short-term price action often generates mixed reactions, some market analysts believe that key long-term indicators may be aligning for a larger move ahead. One of those voices is Bitcoin maxi Robert Breedlove, who shared a series of observations on X about indicators that could point toward a sustained bull run.

Miner Costs and Long-Term Holder Behavior Point to Market Strength

Citing analysis from Blockware, Breedlove pointed to the “industry average” miner cost of production — a model that aggregates various operational metrics such as electricity prices and hardware efficiency.

According to this metric, Bitcoin has historically bottomed out when its market price approached or dipped below the average production cost. The model previously aligned with six significant market lows, and Breedlove notes it is flashing a bottom signal once again.

In addition to mining economics, Breedlove referenced long-term holder supply data as another crucial input. This metric tracks the amount of Bitcoin that has remained unmoved on-chain for at least 155 days, a proxy for investor conviction and potential supply constraints.

Over the past 30 days alone, long-term holders have added approximately 150,000 BTC to their balances. Historically, such accumulation during periods of price consolidation or retracement has preceded upward price movements due to the resulting decrease in sell-side pressure.

With Bitcoin trading between $80,000 and $100,000, Breedlove suggests that fewer holders appear willing to exit their positions, potentially reducing available supply at these levels.

Rising Liquidity and Macro Trends Add Fuel to Bullish Outlook on Bitcoin

Another major factor is global fiat liquidity, which Breedlove highlights as a key demand-side component in Bitcoin’s price dynamics. The analyst points to the role of increasing dollar and international currency liquidity, driven by expanding access to Bitcoin through financial instruments like exchange-traded funds (ETFs), public company treasury holdings, and convertible bond offerings.

He argues that greater access to capital and simplified exposure pathways have enhanced Bitcoin’s correlation with broader liquidity trends, increasing the likelihood of upward movement as fiat liquidity rises.

Breedlove concluded by reaffirming that Bitcoin’s fundamentals remain unchanged — fixed supply, 10-minute blocks, and predictable halving events — but external factors such as liquidity, regulation, and institutional adoption continue to influence its price action.

Lastly, and most importantly, is USD liquidity. This effectively represents the “demand” side of the equation. More dollars in the system means more potential bidders.

Bitcoin is highly correlated to fiat liquidity – and that’s becoming increasingly more of the case as ETFs,… pic.twitter.com/i5iE6NzM55

— Robert ₿reedlove (@Breedlove22) May 1, 2025

Bitcoin (BTC) price chart on TradingView

Featured image created with DALL-E, Chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar holds above 100 near a 3-month high — three Fed speakers and a $69 billion auction land tonight The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

Author Suzie

Sep 22, Tue

The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anyway Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Author Irene Q.

Sep 23, Wed

Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth story US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Author Suzie

Sep 24, Thu

US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Gold Price Forecast: Gold Drops Below $4,300, Will It Continue to Fall? As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $

Author TradingKey

Sep 24, Thu

As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $

Popular Symbols