Crypto Rover sees Bitcoin in front of an explosive outbreak

Crypto Rover, one of the most famous crypto analysts with over 189,000 followers on YouTube, published his latest assessment on the location on the cryptomarkt today. In his opinion, Bitcoin is currently in a typical sideways phase, which is often considered a harbinger of a larger price increase. According to Rover, global liquidity plays a central role and continues to provide bullish signals. Despite short-term warning signs on the 4-hour chart, his overall picture remains clearly positive.

Important short -term support, source: Crypto Rover https://www.youtube.com/

Warning signals in detail – but in the medium term Bullish

In the current chart image, Rover recognizes a bearish divergence: While the RSI forms a deeper high on the 4-hour time frame, the course climbs to a higher high. Such divergences often indicate weakness. Nevertheless, the analyst sees no reason to worry, since higher time frames such as the daily or weekly chart continue to show healthy momentum.

Rover compares the current consolidation with earlier phases in which the course initially stabilized for several days after an increase before another impulse took place. Just six days after the last high over $ 100,000, a period that is typically up to a new movement. The resistance level at around $ 115,000 has already been tested several times without a clear outbreak. As soon as this area is overcome, Rover expects the upward trend to be continued quickly.

Global liquidity and ETF inflows as price drivers

A central argument for his Bullish attitude is the development of global liquidity. According to Rover, Bitcoin continues to follow the global money supply. If this correlation continues, he expects the next big price increase in the next three weeks – with a possible target area between $ 120,000 and $ 130,000.

In addition, the FINSING RATES provide clear signals: they are currently negative, which means that many market participants rely on falling courses. For Rover, this is a clear counter -signal – such phases often end with a short squeeze that allows the course to increase significantly. Institutional investors also show increasing interest. Over the past few hours, over $ 63 million has flowed into spot ETFs for Bitcoin and Ethereum.

ETFs again invested 319.5 million in Bitcoin yesterday, source: https://farside.co.uk/btc/

At the same time, the stock markets show a V-shaped recovery that Bitcoin has often accompanied historically.

In addition to Bitcoin, Ethereum also moves more into the investors. Rover does not expect extreme highs, but sees a realistic price target at around $ 4,000. He rates the current development of Ethereum dominance particularly positively, which recently had the strongest upward movement for three years.

Anyone who has been traveling in the crypto sector for a long time knows the pattern: first Bitcoin, then Ethereum, then the old coins come – and finally the surprise candidates with exponential growth. No wonder that many investors are currently looking for newcomers who have this potential. A good example is the BTC Bull token ($ Btcbull), which uses market mechanics in a targeted manner and creates a reward system via a direct link to the Bitcoin course that could be interesting in the long term.