Bitcoin SOTT Indicator Flashes Green – Is A New ATH Imminent? Analyst Weighs In
The post Bitcoin SOTT Indicator Flashes Green – Is A New ATH Imminent? Analyst Weighs In appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Earlier today, Bitcoin (BTC) crossed $95,000 for the first time since February 2025. Multiple crypto analysts are now predicting that there may still be room for BTC to grow, potentially propelling the leading digital asset to a new all-time high (ATH) in the near-term. Bitcoin SOTT Indicator Turns Green, More Upside Ahead? In a post on X today, crypto analyst Titan of Crypto noted that Bitcoin’s State of the Trend (SOTT) indicator has turned green on the weekly chart. This shift to green indicates a bullish change in BTC’s momentum. For instance, BTC experienced significant gains the last two times its SOTT indicator turned green on the weekly chart. From October 2023 to March 2024, the cryptocurrency saw an increase of 172%, while from September 2024 to January 2025, BTC posted a 92% gain. To explain, the SOTT indicator is a momentum-based tool that measures the strength and direction of a trend by analyzing price movements over time. When it turns green, it typically signals a strengthening bullish trend, suggesting potential upside for the asset. While the full extent of the gains from the SOTT indicator’s green signal in April 2025 remains uncertain, projections suggest that BTC could surge as high as $130,000. Currently, BTC’s ATH stands at $108,786, according to data from CoinGecko. Additionally, market activity shows a decline in BTC selling pressure. According to a recent post by crypto analyst Master of Crypto, the number of addresses sending BTC to exchanges has fallen to a 30-day average of 52,000, compared to 71,000 over the past year. The analyst added: For context, the 10-year norm sits around 92,000. We’re back to 2016-style activity. That’s a big shift. It means fewer coins hitting the market down 4x…
The post Bitcoin SOTT Indicator Flashes Green – Is A New ATH Imminent? Analyst Weighs In appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Earlier today, Bitcoin (BTC) crossed $95,000 for the first time since February 2025. Multiple crypto analysts are now predicting that there may still be room for BTC to grow, potentially propelling the leading digital asset to a new all-time high (ATH) in the near-term. Bitcoin SOTT Indicator Turns Green, More Upside Ahead? In a post on X today, crypto analyst Titan of Crypto noted that Bitcoin’s State of the Trend (SOTT) indicator has turned green on the weekly chart. This shift to green indicates a bullish change in BTC’s momentum. For instance, BTC experienced significant gains the last two times its SOTT indicator turned green on the weekly chart. From October 2023 to March 2024, the cryptocurrency saw an increase of 172%, while from September 2024 to January 2025, BTC posted a 92% gain. To explain, the SOTT indicator is a momentum-based tool that measures the strength and direction of a trend by analyzing price movements over time. When it turns green, it typically signals a strengthening bullish trend, suggesting potential upside for the asset. While the full extent of the gains from the SOTT indicator’s green signal in April 2025 remains uncertain, projections suggest that BTC could surge as high as $130,000. Currently, BTC’s ATH stands at $108,786, according to data from CoinGecko. Additionally, market activity shows a decline in BTC selling pressure. According to a recent post by crypto analyst Master of Crypto, the number of addresses sending BTC to exchanges has fallen to a 30-day average of 52,000, compared to 71,000 over the past year. The analyst added: For context, the 10-year norm sits around 92,000. We’re back to 2016-style activity. That’s a big shift. It means fewer coins hitting the market down 4x…
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