A leading digital asset investing research firm is attempting to answer the question of whether or not Bitcoin ( BTC ) has further upside to go. In a new analysis posted to the social media platform X, Swissblock says that the BTC Fundamental Index can answer that question. “If you’re questioning whether Bitcoin still has upside — this is the only chart you need to see: On-chain fundamentals have flipped back to strength. This move isn’t just speculation. Sustained upside is now structurally supported. Higher.” Source: Swissblock/X BTC is worth $119,154 at time of writing, up nearly 10% in the last week. Moving on to altcoins, Swissblock dares to answer another question on traders’ minds — how close is altseason? “Altseason in Sight: Wave 5 Has Begun? The altcoin market just broke out of a multi-month consolidation. Structure suggests a classic 5-wave move — and Wave 5 may be underway. Historically, Wave 5s in crypto unfold fast and vertical — this could mirror 2017 or 2021. Target: $1.79 trillion – $3.37 trillion Altseason may be here — but it could also be the last leg before the cycle peaks.” Source: Swissblock/X Swissblock’s “waves” refer to the Elliot Wave Theory, a financial analysis framework that views markets as moving in repeating wave patterns driven by investor psychology. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/ConceptCafe/Chuenmanuse The post Crypto Analytics Firm Swissblock Points to Further Bitcoin (BTC) Upside, Says Altseason May Already Be Here appeared first on The Daily Hodl .
