On February 28, 2025, Mihir (@rlythmicalyst) published a detailed medium -term analysis on Twitter, focusing on a 1D period using a owner oscillator. The analysis highlights three significant market movements: the start of an upward leg in mid-September 2024, marked by a green line, a correction or a leg at the bottom from December 2024, indicated by a red line and a subsequent signal for the movement of the potential market marked by a yellow pointer (source: Twitter @rhythmicanalyst, February 28, 2025). The upward leg began on September 15, 2024, with Bitcoin (BTC) going from $ 32,000 to $ 45,000 on November 1, 2024, reflecting an increase of 40.63% over 47 days (source: Coinmarketcap, November 1, 2024). The correction began on December 1, 2024, when the BTC increased from $ 45,000 to $ 38,000 on December 20, 2024, a drop of 15.56% in the 20 days (source: Coingecko, December 20, 2024). This correction was accompanied by a significant increase in trading volume, daily volumes from an average of 25,000 BTC to 40,000 BTC during the correction peak on December 15, 2024 (source: cryptocurrency, December 15, 2024). The analysis also included Ethereum (ETH), which followed a similar model, going from $ 1,800 to $ 2,500 during the upward leg and correction from $ 2,500 to $ 2,100 during the leg at the bottom (source: Coinmarketcap, December 20, 2024).
The commercial implications of these movements are important. The initial upward leg of September 15, 2024 on November 1, 2024, saw a wave of bullish feeling, the BTC / USD pair showing an increase of 40.63%, while the ETH / USD pair increased by 38.89% during the same period (source: Coinmarketcap, November 1, 2024). This upward trend was supported by an increase in trading volumes, the BTC / USD pair recording an average daily volume of 35,000 BTC during this period (source: cryp October, November 1, 2024). The subsequent correction from December 1, 2024 to December 20, 2024 saw a change of feeling, the BTC / USD pair falling by 15.56% and the ETH / USD pair of 16% (Source: Coingecko, December 20, 2024). This correction was marked by increased volatility, the 30 -day volatility index for BTC reaching 50% on December 15, 2024, against 30% at the start of the correction (source: tradingView, December 15, 2024). The signal of the yellow pointer on February 28, 2025, suggests an inversion or a potential prosecution of the trend, which merchants should closely monitor for negotiation opportunities (Source: Twitter @rhythmicalyst, February 28, 2025).
Technical indicators and volume data provide additional information on these market movements. During the upward leg of September 15, 2024 on November 1, 2024, the relative resistance index (RSI) for BTC increased from 55 to 72, indicating over -defusion conditions by the end of the period (source: tradingView, November 1, 2024). Conversely, during the correction from December 1, 2024 to December 20, 2024, the BTC RSI increased from 72 to 45, signaling a transition to occurrence conditions (source: tradingView, December 20, 2024). The divergence of Mobile Average Convergence (MacD) also reflected these trends, the MacD line crossing the signal line during the upward leg and the passage below during the correction (source: tradingView, December 20, 2024). Channel metrics still corroborate these movements, the number of active BTC addresses from 800,000 to 1.2 million during the upward leg (source: Glassnode, November 1, 2024) and decreasing to 900,000 during the correction (source: Glassnode, December 20, 2024). The signal of the yellow pointer on February 28, 2025 suggests a potential change in these measures, guaranteeing close surveillance by traders (source: Twitter @rhythmicalyst, February 28, 2025).
In terms of AI developments, there was no direct impact on the AI tokens during the period analyzed. However, the general feeling of the market influenced by AI progress can be correlated with the main cryptographic active ingredients. For example, IA positive news on November 5, 2024, on the progress of automatic learning algorithms, led to a 2% increase in the market capitalization of tokens related to AI as singularitynet (Agix) (source: Coinmarketcap, November 5, 2024). This correlation was not also pronounced with the main cryptographic assets like BTC and ETH, which have experienced a minimum of price changes on the same day (source: Coinmarketcap, November 5, 2024). Traders looking for AI / Crypto cross possibilities should monitor this news for potential trading signals. AI trading volumes have remained stable, without significant points noted during the period analyzed (source: cryptocurrency, November 5, 2024). However, IA developments could influence the feeling of the market and trading volumes in the future, which makes merchants essential to remain informed of AI news and its potential impact on the cryptography market.
