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cointelegraph.com Mar 17, 2025 12:29

Bitcoin bullish cross with 50%-plus average returns flashes again - Bitcoin’s (BTC) stochastic RSI has printed a bullish cross with a history of preceding sharp price rebounds. Stochastic RSI tracks momentum based on price movements relative to their range over a given period. This classic indicator operates between 0 and 100, with values above 80 considered overbought and below 20 deemed oversold. BTC/USDT weekly price chart. Source: TradingView/Merjin The TraderA crossover of the blue %K line above the orange %D line from an oversold region technically suggests growing upward momentum. Another $120,000 BTC price target emergesHistorical fractals show that each time the weekly stochastic RSI made the bullish cross, Bitcoin underwent sharp price recoveries within three to five months. Its gains have averaged at around 56% during such rebounds, ̛including rallies that extended beyond the 90%-return mark.BTC/USD weekly price chart. Source: TradingViewThat includes a roughly 90% rally from November 2022 lows, 92% gains in late 2023, and a staggering 98% move into Bitcoin’s recent all-time high of around $110,000 in January 2025.If history repeats, Bitcoin could see another parabolic rise by July or August, aligning with previous stochastic RSI bullish crosses that delivered outsized returns. Market analyst Merjin the Trader says Bitcoin’s price can reach at least $120,000 if the Stochastic RSI fractal plays out as intended.Source: Merjin The TraderMeanwhile, Bitcoin’s bullish reversal outlook receives further cues from its 50-week exponential moving average (50-week EMA; the red wave in the chart above) at around $77,230. The 50-week EMA wave has served as a strong accumulation zone for traders since October 2023.In case BTC’s price breaks decisively below the 50-week EMA, it could head toward the next support target at around the 200-week EMA (the blue wave), near $50,480, down approximately 40% from current prices.Bitcoin hedge funds are buying the dipAnother bullish sign comes from hedge fund accumulation during the ongoing price correction.Global crypto hedge funds are increasing their Bitcoin exposure, as seen in the latest rolling 20-day beta to BTC, which has surged to a four-month high. This suggests that institutional investors are buying into the dip, positioning themselves for potential upside.Global crypto hedge funds rolling 1-month beta to Bitcoin. Source: Glassnode/BloombergBeta measures how closely hedge fund returns track Bitcoin’s movements. When beta rises above 1.0, it indicates that the fund rises more than BTC’s price. Conversely, when the beta drops below 1.0, the fund moves less than Bitcoin. Related: Peak FUD hints at $70K floor — 5 Things to know in Bitcoin this weekThe beta is now at a 4-month high, meaning hedge funds believe the recent Bitcoin dip is a buying opportunity and expect higher prices ahead, reinforcing the $120,000 price outlook as discussed above.As Cointelegraph reported, the $120,000+ is becoming a popular target for summer 2025.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 90%
cointelegraph.com Mar 17, 2025 15:00

Move is now primed to grow DeFi - Opinion by: Alex Nguyen, CEO at VibrantXThe Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research.The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the Aptos Foundation.Importantly, Meta’s failed Libra experiment left us with a programming language specifically designed for crypto finance. Move on Aptos is now open-source, and the Aptos Foundation is a commercially driven organization that welcomes builders from all backgrounds.Move is now the best programming language for verifying the absence of bugs and checking for modifications and leaks, which is how most blockchains get hacked.This verification relies on two key features of Move on Aptos: (1) “backward compatibility” and (2) the concept of an “auditor at runtime.” Backward compatibility means future-proofingMove on Aptos is fast and cheap, creating a competitive user experience, especially for decentralized finance (DeFi) applications. Aptos aims for a high transaction throughput, with theoretical capabilities reaching up to 160,000 transactions per second (TPS) through its parallel execution engine, Block-STM.Aptos’ sub-second finality means transactions are confirmed quickly, enhancing the user experience in time-sensitive applications.To be fair, other chains also have these qualities. Move on Aptos is, however, designed to be “backward-compatible.” Future upgrades won’t disrupt existing projects. This helps developers feel more confident building long-term solutions without worrying about things breaking because of a Move upgrade. Move smart contracts are designed to be upgradeable without affecting the user experience, which is essential for mainstream adoption. This enables teams to implement bug fixes and new features with zero disruption. Recent: Crypto startups can’t just rely on solid tech to win VC funding: OKXSmart contract flexibility through Move on Aptos’ specific security features results in better and faster product shipping. Being more flexible, Move on Aptos can quickly adapt to support new ecosystems.“Bytecode” verification prevents leaksSolidity contract hacks have been prevalent over the years. When building Web3 technology for markets worth billions or even trillions of dollars, it’s crucial to have a security system that will protect projects from resource leaks, invalid memory access and other unauthorized modifications. As it was initially developed for Meta’s Diem project, Move is designed for safety, resource management and performance, making it attractive for developers looking for a secure yet robust language for smart contracts.When deploying code using Move, the code will be verified across several crucial coding conditions like proper resource management, type correctness and reference safety. No matter what happens to the code, it will be verified first to prevent any faulty or malicious smart contracts from running. This is the power of Move’s built-in bytecode verification.Real-time verification of the absence of bugsRenowned computer science pioneer Edsger Dijkstra noted, “Program testing can be used to show the presence of bugs, but never to show their absence!” Move’s formal verification capabilities let developers actually prove that there are no bugs in specific code according to preset specifications. MoveVM is less battle-tested than Ethereum’s virtual machine, but as Rushi Manche, founder of Movement Labs, has explained, Move requires much less code auditing. The MoveVM runtime can act as an “auditor at runtime.”The verifier inside the MoveVM ensures that the transaction code is not harmful and that it cannot create, duplicate or destroy resources not allowed by the signer(s) of the transaction. In other words, MoveVM is an “auditor at runtime” rather than a human smart contract auditor. Today, Move on Aptos is more than just a smart contract language. Move on Aptos is the longest-standing, most recognized and widely used version of Move, boasting one of the fastest-growing developer communities and a rapidly growing ecosystem of infrastructure, tooling and projects.Quickly verifying code before deployment created the conditions for the Move on Aptos ecosystem. From a flawed Web2 beginning, Move is now primed to grow DeFi.Opinion by: Alex Nguyen, CEO at VibrantX.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

FOMO: 90%