- Crypto analysts advise investors to hold, predicting a major crypto rally after the Fed cuts rates and shifts monetary policy.
- According to expert projections, Bitcoin’s price could surge to $63,514 by April 2024, with Ethereum benefiting from Bitcoin’s consolidation phase.
MartyParty, a crypto analyst, recently warned investors on X not to sell yet, stating that the real crypto rally is still ahead. Despite Bitcoin’s rally since 2023, which has been driven by institutional interest in exchange-traded funds (ETFs), the analyst argues that a true bull market is yet to begin.
He advises that investors wait for the Federal Reserve to shift its monetary policy and start cutting rates, which could signal the start of a major rally.
More explanation.
People we have had a Bitcoin rally since 2023 on no Quantative Easing, no rate reductions, no liquidity injection, just on institutional entry into the ETFs.
There has been no "bull market" yet. The alt coin rally and "bull market" have not even started. Wait… https://t.co/4jkBLwD5lf
— MartyParty (@martypartymusic) February 24, 2025
MartyParty highlighted that, since November 2023, the market has experienced a “Trump pump” that was afterward sold off by exchanges. This was due to exchanges liquidating altcoins to cover fines and bad debts.
This phase, he points out, brings Bitcoin back to pre-November 4th levels. With the market still facing uncertainty, MartyParty believes that the upcoming FOMC meeting on March 19th will provide crucial insights into the Fed’s stance on quantitative tightening (QT) and monetary stimulation. This event could lay the foundation for the long-awaited bull run.
Bitcoin’s Halving Cycles and Future Projections
In a chart shared by the analyst, Bitcoin’s price behavior is tracked through past halving cycles. The chart emphasizes key phases, Hype, Disillusionment, and Enlightenment, showing price increases in the Enlightenment phase after halving events. Bitcoin saw surges in price following the halvings in July 2016 and May 2020, and the analyst expects a similar trend in the future.
According to the chart, the current phase is still early in the cycle, about 365 days post-halving. The analyst predicts that Bitcoin could see a price surge, projecting a potential value of $63,514 by April 2024 based on past trends. As noted in our previous post, the cyclical nature of Bitcoin’s price, driven by halving events, suggests that a crypto rally is on the horizon, aligning with broader economic factors and market conditions.
While Bitcoin remains consolidating, Ethereum is showing signs of strength. Analyst Michael van de Poppe notes that Bitcoin’s sideways price movement could benefit altcoins, with Ethereum possibly rising above the $3,000 mark. Historically, periods of low volatility in Bitcoin have often preceded major rallies in altcoins, signaling that Ethereum could be in a strong position for growth.
It's the boring state for #Bitcoin.
The good part is: Bitcoin goes up slightly, #Altcoins go up significantly more.
I think that we'll continue to see that. #Bitcoin above $100K#Ethereum above $3K pic.twitter.com/a8Rwfi9xYb
— Michaël van de Poppe (@CryptoMichNL) February 21, 2025
Low Volatility and Market Expectations
Another expert’s technical analysis warns against shorting the market in a low-volatility environment, particularly when volatility indicators like Bollinger Band widths reach extremes. These conditions rarely favor short sellers and follow market breakouts. Investors who remain patient could see returns once the market moves in one direction.
Several factors continue to weigh on Bitcoin’s short-term performance. Economic concerns surrounding the U.S. Treasury’s liquidity issues and the potential for quantitative easing could contribute to Bitcoin’s downturn.
Additionally, as reported by ETHNews, uncertainty surrounding the Strategic Bitcoin Reserve plan under the Trump administration has dampened market sentiment. Despite these headwinds, analysts maintain that Bitcoin’s tedious phase may lead to explosive growth, much like previous cycles.
Adding to this sentiment, Recent data shared by CryptoQuant community analyst Maartunn shows a rise in Bitcoin Open Interest, a key indicator of market activity. The increase in open positions suggests that speculative trading is picking up, which could lead to increased volatility.
However, excess speculative activity, particularly in a high-leverage environment, raises the risk of mass liquidations, which could temporarily destabilize the market.