Bitcoin before possible course explosion: Crypto Rover forecast bullish scenario
The Bitcoin course is currently in an unusually quiet phase, which, according to the well-known crypto analyst Crypto Rover, could indicate an upcoming strong price movement. With its extensive follow-up works from over 1.2 million to X and 200,000 on YouTube, Rover is considered an influential voice in the crypto community. In his current market update, he describes the current situation as “one of the closest phases of consolidation of the past 1.5 years” and identifies several positive signals for a possible increase in the course.
Technical indicators indicate Bitcoin outbreak
According to Rover, the Bollinger Band Squeeze currently has reached the closest level since October 2023, which at that time led to a massive increase in the course. At the same time, the Bitcoin volatility index is located at an annual low, which is typically a harbinger of larger market movements. The money supply M2, which already showed a similar pattern in September 2024, rises sharply again, which Rover sees as another bullish catalyst.
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In the short-term chart image, the analyst identifies a classic “squeeze structure” with higher lows and deeper highs, which could indicate an upcoming outbreak. Bitcoin is currently consolidating in the range of $ 108,000, with the decisive resistance of $ 110,000. According to Rover, a breakthrough through this brand could give the starting signal for an explosive rally. At the same time, however, he warns that relapse under the current support could also trigger a bearish scenario.
Ethereum also shows potential for further increase
In addition to Bitcoin, Ethereum also moves into the spotlight. Rover, which claims to be around $ 520,000 with a current ETH trade, sees further upward potential for the second largest cryptocurrency. The on-chain data in particular makes him optimistic: Around 30% of the total ETH offer are currently staked, while the Exchange reserves are continuously falling.
From a technical point of view, Ethereum is also strong. After a fakeout on both sides, a clear structure can now be seen, which indicates an upcoming outbreak. He gives a first price target at around $ 3,000, but also considers $ 4,000 to be realistic in the medium-not least because of the continuing inflows of institutional investors such as Blackrock, who are said to have recently acquired ETH worth over $ 50 million.
Bitcoin Hyper: Presale of the Layer-2 project attracts investors
An interesting development in the crypto sector is the new Layer 2 project Bitcoin Hyper it connects Bitcoin with the Solana Virtual Machine and thus enables fast transactions, smart contracts and decentralized applications-with Bitcoin as a basic security layer.
The technical heart of the project is a decentralized, non-custodial bridge. Users send their BTC to a smart contract on the Bitcoin chain, which verified transactions based on real block data. A synthetic BTC token is then output on the Layer-2, which can be used in the hyper-ecosystem for staking, yield farming or decentralized trading platforms.
Zero Knowledge Proofs ensure safe and trustless transactions without third parties to control the coins. The presale of the project has collected over $ 2 million within just four weeks, and over 133 million hyper-tokens have already been staked, with a current return of 388 percent APY.
Directly to the Bitcoin Hyper website
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