NewsBTC
29 March 2025
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Best New Meme Coins on Presale as Bitcoin Enters Accumulation Phase

Bitcoin recently fell from an all-time high of $109K to $77K, prompting panic selling among retail investors. However, seasoned investors view this correction as a healthy accumulation phase before the next rally.

Reasons for Potential Bitcoin Rally

  • Increasing Long Term Holder Supply indicates re-purchasing by previous sellers, often leading to price surges.
  • Low Value Days Destroyed (VDD) Multiple suggests institutional buyers are holding onto their Bitcoin, not transacting.
  • Net Unrealized Profit and Loss (NUPL) has returned to the 'Belief' zone, indicating a potential long-term higher low.
  • Hash Ribbons Indicator issued a buy signal due to a bullish crossover, reflecting miner confidence in rising prices.

The overall sentiment points to a positive outlook for Bitcoin despite recent volatility.