Crypto analyst Sweep has revealed that 20 Bitcoin indicators have flashed 
bullish at the same time, providing a bullish outlook for the leading crypto. 
Based on this development, the analyst has predicted that BTC could rally to 
$150,000, marking a new all-time high (ATH). 20 Bitcoin Indicators Hint At 
Rally To $150,000 In an X post, Sweep stated that 20 independent indicators 
are bullish at the same time. He noted that this has only happened three times 
in Bitcoin’s history, and each time was followed by a 300% rally. The first of 
this indicator is the Global M2 money supply, which just hit an all-time high 
(ATH) while BTC is still lagging. Related Reading: None Of The 30 Bitcoin 
Market Peak Indicators Have Been Hit, So Why Did The Price Crash? Sweep 
further revealed that the Dollar Index is at 100, the exact level that 
preceded 500% rallies twice before. Another bullish indicator is that BTC’s 
exchange reserves have fallen to a 7-year low, with only 2.1 million BTC 
remaining across all crypto exchanges. The drop in these exchange reserves has 
come as whales bought 270,000 BTC over 30 days, the largest accumulation wave 
since 2013. Another bullish indicator is that the Fear and Greed index has 
been stuck at extreme fear for 46 straight days, currently at 12. Bitcoin’s 
weekly RSI has printed 27.48, the third time in history that it has been this 
low. Furthermore, funding rates have been negative for weeks, with traders 
paying fees to short BTC. Meanwhile, Sweep also mentioned that the stablecoin 
supply has hit an all-time high of $320 billion, with supply sitting on the 
sidelines. Miners have been in capitulation for 4 months straight, the longest 
stretch this cycle. At the same time, the hash rate is recovering from a 22% 
decline. The Macro Angle For BTC Sweep mentioned bullish macro indicators, 
such as the Fed ending quantitative tightening, draining the reverse repo from 
$2.5 trillion to nearly zero, and resuming purchases of Treasury bills. 
Furthermore, Consumer confidence is in the second-lowest zone ever recorded in 
70 years of data, while the ISM manufacturing is back in expansion for the 
first time in 40 months. Related Reading: The Last Time Bitcoin Sentiment Was 
This Bad Was 2022, But There Was A Silver Lining Another bullish indicator is 
that the Bitcoin ETF flows have turned positive in March, with $2.5 billion in 
inflows. SoSoValue data shows that the BTC ETFs are on course to end a streak 
of four consecutive months of outflows. Sweep mentioned that BTC has just 
printed 5 consecutive red monthly candles, which has happened only once and 
led to a 308% rally afterwards. Lastly, 92% of short-term holders are 
underwater. The analyst noted that the last time this many signals aligned was 
in November 2022, when Bitcoin was trading at $16,000. Since then, BTC has 
pumped to a new ATH of $126,000. At the time of writing, the Bitcoin price is 
trading at around $67,500, down in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

20 Bitcoin Indicators Flash Bullish At The Same Time, And This Could Send Price To $150,000

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The rise of quantum computing could revolutionize crypto security, 
necessitating urgent shifts to post-quantum cryptography to prevent theft.
The post Musk jokes lost Bitcoin could get a second chance thanks to future 
quantum computers appeared first on Crypto Briefing.

Musk jokes lost Bitcoin could get a second chance thanks to future quantum computers

Ripple is advancing global payment efficiency through a partnership with 
Convera, aiming to accelerate cross-border transactions using stablecoin- 
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Circle minted about $750M USDC on Solana in 24 hours, adding major dollar 
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Cryptocurrency price in USD