Crypto Analytics Firm Swissblock Points to Further Bitcoin (BTC) Upside, Says Altseason May Already Be Here

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.

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