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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-fuel-rising-expectations-for-bitcoins-price-surge/" data-wpel-link="internal">Experts Fuel Rising Expectations for Bitcoin’s Price Surge</a> 
Experts are emphasizing the developing on-chain metrics of <a href="https://coin-turk.com/bitcoin-fiyati-icin-yukselise-isaret-eden-3-neden" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/kripto-para-piyasasi-yeni-haftaya-nasil-basladi-bitcoin-btc-ve-altcoinlerde-son-durum" data-wpel-link="internal">BTC</a>) and suggesting that the leading cryptocurrency may be preparing for a significant price increase. Leading on-chain analysts like Axel and CryptoQuant CEO Ki Young Ju have fueled rising expectations by pointing to fundamental indicators that signal potential upward momentum. 
<h2 style="text-align: justify" id="strong-comments-from-experts-boost-expectations-for-bitcoin-strong">Comments from Experts Boost Expectations for Bitcoin</h2> 
Known for his consistent commentary on <a href="https://en.coin-turk.com/blackrocks-bitcoin-etf-ads-attracting-the-wealthy-not-the-trendy/" data-wpel-link="internal">Bitcoin</a>‘s on-chain data, Axel highlighted the UTXO Profit/Loss (P/L) Supply Ratio Momentum indicator, a metric that evaluates short-term and long-term profitability based on Bitcoin transactions. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-326892" src="https://coin-turk.com/wp-content/uploads/2024/03/Bitcoin-Yorum.png" alt="" width="552" height="708"> 
According to Axel, this metric, calculated by dividing the average weekly profit/loss ratio by the annual average, is giving a potential major bullish signal. Axel noted that similar upswings in this momentum have been associated with significant market growth periods in the past, suggesting the possibility of another mid-bull rally stage with substantial profit potential. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-326893" src="https://coin-turk.com/wp-content/uploads/2024/03/Bitcoin-Analiz.png" alt="" width="555" height="760"> 
Responding to Axel’s analysis, CryptoQuant CEO Ki Young Ju underscored the on-chain momentum of <a href="https://en.coin-turk.com/bitcoin-price-drops-amidst-continued-market-volatility/" data-wpel-link="internal">BTC</a> as an indicator of an upcoming parabolic bull run, reiterating the bullish outlook. Ju stated that fresh capital inflows into Bitcoin’s on-chain measurements could signal the start of the next phase of significant price increase and that new investments entering the market could propel Bitcoin to new heights. 
<h2 style="text-align: justify" id="strong-current-state-of-bitcoin-strong">Current State of Bitcoin</h2> 
These views come at a time when Bitcoin’s market performance is already showing strength. Indeed, the largest cryptocurrency continued its ascent, surpassing $73,000 and setting a new record. According to CoinMarketCap, BTC was trading at $73,164, up 1.44% in the last 24 hours at the time this article was prepared. This upward trend is crowned by a significant increase in trading volume, which has risen by 13.48% to $63.61 billion in the same period. 
Investor activity surrounding Bitcoin indicates growing interest in the largest currency and a high flow of funds. Additionally, BTC’s total market value, which has increased by 2.06% in the last 24 hours to currently $1.44 trillion, reflects rising investor confidence and the expanding influence of cryptocurrency in the financial landscape. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-fuel-rising-expectations-for-bitcoins-price-surge/" data-wpel-link="internal">Experts Fuel Rising Expectations for Bitcoin’s Price Surge</a></h5>

Experts Fuel Rising Expectations for Bitcoin’s Price Surge

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