A Detailed Analysis on Bitcoin’s Upside Potential and Altcoin Market Trends

A prominent digital asset investing research firm, Swissblock, is delving into the question of whether Bitcoin (BTC) still has room for further growth. Through their latest analysis shared on the social media platform X, Swissblock introduces the BTC Fundamental Index as a key indicator to address this query.

“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.”

As of the time of writing, BTC is valued at $119,154, registering a nearly 10% increase in the past week.

Shifting focus to altcoins, Swissblock also offers insights on the potential proximity of altseason, addressing traders’ curiosity about the market trend.

“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.”

Swissblock’s reference to “waves” aligns with the Elliot Wave Theory, a framework that interprets market movements based on repeating wave patterns influenced by investor sentiment.

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