Bitcoin’s Starring Role: Poised for Encore as Dollar Slinks Offstage (Analysts Swoon!)

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It’s been nearly two months since our plucky digital hero, Bitcoin, last failed to pirouette above the $112K mark—a hat trick of flopped attempts, mind you, and the champagne remains stubbornly corked! Three acts, no final bow. But cue the suspenseful music: the overture to a record-breaking number may be upon us. According to the latest on-chain plots, Bitcoin could soon be donning its celebratory sash—possibly before one has time to properly chill the Cristal. 🥂

Enter the ever-watchful CryptoQuant analyst, Axel Adler Jr., who’s spotted a motif so repetitive even a Rachmaninoff nocturne would blush. Apparently, there’s something thrilling bubbling beneath the digital surface—Dame Destiny, perhaps, rolling up her sleeves for yet another dazzling performance.

Bitcoin’s New High Just Days Away

Bitcoin, like any temperamental theatre star, has a penchant for drama. In past bull markets, when it resists the urge for a full-on melodramatic plunge—let’s say, no plunge greater than 20%—it tends to break out and hit a fresh peak within a brisk 50 days. Curtains up, applause, encore, champagne…you get the idea.

According to Axel Adler Jr., that slightly-jaded digital impresario, we’re presently at day 47 since our last all-time high—no impromptu musical numbers involving cliff dives yet. So, if tradition is anything to go by (and in Bitcoin’s case, there’s always a question mark hovering), a new high may be just around the corner.

If there is no deep correction (a decline of more than 20%) during a bull market, a new all-time high typically occurs within 50 days. It’s now been 47 days since the last ATH, and we haven’t seen any major pullback.

History doesn’t have to repeat itself but the numbers don’t…

— Axel Adler Jr (@AxelAdlerJr) July 9, 2025

Cast your gaze back to the grand performances of 2013, 2017, and 2021. Each time, the sellers took a long smoke break, price waltzed to new heights in short order, and the standing ovations arrived ever more quickly. If this keeps up, soon we’ll need a faster usher.

And those intermissions? Getting shorter and shorter—just adding to the feverish anticipation and the suspicion that Bitcoin’s next act might send the critics into raptures (or conniptions—one can never tell).

Will History Repeat Itself?

Axel Adler Jr., with a flourish, points out that we’re in for another possible repeat performance. The data, swaying with indifference, gives odds to a breakout not a breakdown. Volatility is subdued, sellers are apparently lost en route, and Bitcoin is singing a high note near its peak. 🎶 If this tranquil overture holds, we may see records tumble within a week. Start warming up those vocal cords for collective gasps.

Weak Dollar Also Playing a Supporting Role

Now, for a bit of subplot: CryptoQuant’s Darkfost (clearly someone who doesn’t holiday in daylight), points to the U.S. Dollar Index (DXY)—a chart with all the excitement of a faded program from last season, but apparently, it’s terribly important.

Weak Dollar, Strong Bitcoin: A Time-Tested Correlation

“This chart highlights periods where the DXY trades below its 365-day moving average. Looking at historical data, it becomes clear that such periods have been highly favorable to BTC.”
– By @Darkfost_Coc

— CryptoQuant.com (@cryptoquant_com) July 9, 2025

Each time the DXY languishes below its 365-day average, Bitcoin takes it as a personal invitation to shine. At the moment, the dollar is weakening like an understudy with stage fright, and Bitcoin is trading around $108,769—barely stifling a yawn as it climbs ever upwards in the past 24 hours. 🌟

So, will the curtain finally rise, or are we in for yet another dramatic pause? One thing’s certain: no matter how this act plays out, the audience will be rapt—even if their wallets are biting their nails.

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2025-07-09 12:18