Bitcoin Bulls See Strong Rally Ahead as Key Metric Reclaimed

Bitcoin has been on an upward trajectory over the past month, climbing roughly 20% in value. According to analyst Ali Martinez, this is a major bullish signal for BTC, which could lead to even stronger price growth in the future.

One reason for this optimism is that Bitcoin has recently reclaimed its Warm Supply Realized Price, a metric that tracks the average cost basis of BTC over the past one week to six months. This development has been seen before, and each time it occurred, Bitcoin experienced impressive rallies: in October 2023, the price exploded almost 160%, while in 2024, it pumped 74%.

Another bullish signal comes from Crypto Rover, who spotted a 'golden cross' on BTC's price chart. This pattern has appeared before, and its last occurrence was followed by a 500% surge in price.

But there's another positive factor to consider: spot exchange-traded funds tracking Bitcoin have attracted almost $1 billion in investments over the past week, indicating growing interest from institutional investors.