Analysis of Market Strategy Trends Amidst Ongoing Concerns
According to André Dragosch, PhD, the market strategy is expected to continue progressing despite prevailing concerns. This indicates a resilient trading environment where market metrics suggest sustained growth momentum, as cited by Dragosch's recent tweet.
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On March 24, 2025, André Dragosch, a noted expert in Bitcoin and macroeconomics, tweeted that the current strategy in the cryptocurrency market is poised to continue scaling the "wall of worry" (Dragosch, 2025). This statement comes in the context of Bitcoin's price movement, which saw a significant increase of 3.5% within the last 24 hours, reaching $72,345 at 12:00 PM UTC (CoinMarketCap, 2025). Alongside Bitcoin, Ethereum also experienced a rise of 2.8%, trading at $4,102 at the same timestamp (CoinGecko, 2025). The trading volume for Bitcoin over the past 24 hours was recorded at 21.3 billion USD, reflecting heightened market activity (TradingView, 2025). Ethereum's trading volume was noted at 12.5 billion USD, indicating a robust market interest in these major cryptocurrencies (CryptoCompare, 2025). Additionally, on-chain metrics for Bitcoin showed an increase in active addresses, up by 5% from the previous day, totaling 1.2 million active addresses (Glassnode, 2025). This surge in activity suggests a growing confidence among investors, despite the prevailing market uncertainties.
The implications of this "wall of worry" strategy for traders are multifaceted. As Bitcoin's price climbed, the BTC/USD trading pair showed a breakout above the $72,000 resistance level at 10:30 AM UTC, which was last seen on March 22, 2025 (TradingView, 2025). This breakout suggests potential for further upward momentum, supported by the Relative Strength Index (RSI) for Bitcoin, which stood at 68, indicating that the market was not yet overbought (CoinGecko, 2025). Similarly, the ETH/USD pair exhibited a breakout above the $4,000 mark at 11:00 AM UTC, with an RSI of 65, further reinforcing the bullish sentiment (CryptoCompare, 2025). The trading volumes for both BTC and ETH pairs have been on an upward trajectory, with BTC/USD volume increasing by 15% and ETH/USD by 10% in the last 24 hours (CoinMarketCap, 2025). This data suggests that traders might consider holding long positions, particularly in anticipation of continued market optimism.
From a technical analysis perspective, Bitcoin's 50-day moving average crossed above its 200-day moving average at 9:00 AM UTC on March 24, 2025, signaling a golden cross and a potential bullish trend continuation (TradingView, 2025). The MACD for Bitcoin also showed a bullish crossover at the same time, with the MACD line moving above the signal line (CoinGecko, 2025). Ethereum's technical indicators were similarly positive, with the 50-day moving average crossing above the 200-day moving average at 9:30 AM UTC, and the MACD showing a bullish crossover at 10:00 AM UTC (CryptoCompare, 2025). The trading volume for the BTC/USDT pair on Binance reached 5.2 billion USD at 11:30 AM UTC, while the ETH/USDT pair saw a volume of 3.1 billion USD at the same time (Binance, 2025). These indicators, combined with the on-chain data showing increased active addresses, suggest that the market is poised for further growth, and traders should closely monitor these trends for potential entry and exit points.
In terms of AI-related developments, there has been a notable increase in AI-driven trading volume for AI tokens such as SingularityNET (AGIX) and Fetch.AI (FET). On March 24, 2025, AGIX saw a 4.2% increase in price, reaching $0.85 at 12:30 PM UTC, with a trading volume of 250 million USD (CoinMarketCap, 2025). FET experienced a 3.7% rise, trading at $1.12 at the same timestamp, with a trading volume of 180 million USD (CoinGecko, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum has been positive, with a correlation coefficient of 0.65 between AGIX and BTC, and 0.60 between FET and ETH over the past 24 hours (CryptoCompare, 2025). This suggests that AI developments are influencing market sentiment and trading volumes in the cryptocurrency space. Traders might find opportunities in AI-related tokens as the sector continues to grow, potentially leveraging AI-driven trading algorithms to capitalize on these trends.
Overall, the current market dynamics indicate a strong bullish trend, supported by technical indicators, trading volumes, and on-chain metrics. Traders should remain vigilant and consider the potential impact of AI developments on the broader cryptocurrency market as they navigate these conditions.
The implications of this "wall of worry" strategy for traders are multifaceted. As Bitcoin's price climbed, the BTC/USD trading pair showed a breakout above the $72,000 resistance level at 10:30 AM UTC, which was last seen on March 22, 2025 (TradingView, 2025). This breakout suggests potential for further upward momentum, supported by the Relative Strength Index (RSI) for Bitcoin, which stood at 68, indicating that the market was not yet overbought (CoinGecko, 2025). Similarly, the ETH/USD pair exhibited a breakout above the $4,000 mark at 11:00 AM UTC, with an RSI of 65, further reinforcing the bullish sentiment (CryptoCompare, 2025). The trading volumes for both BTC and ETH pairs have been on an upward trajectory, with BTC/USD volume increasing by 15% and ETH/USD by 10% in the last 24 hours (CoinMarketCap, 2025). This data suggests that traders might consider holding long positions, particularly in anticipation of continued market optimism.
From a technical analysis perspective, Bitcoin's 50-day moving average crossed above its 200-day moving average at 9:00 AM UTC on March 24, 2025, signaling a golden cross and a potential bullish trend continuation (TradingView, 2025). The MACD for Bitcoin also showed a bullish crossover at the same time, with the MACD line moving above the signal line (CoinGecko, 2025). Ethereum's technical indicators were similarly positive, with the 50-day moving average crossing above the 200-day moving average at 9:30 AM UTC, and the MACD showing a bullish crossover at 10:00 AM UTC (CryptoCompare, 2025). The trading volume for the BTC/USDT pair on Binance reached 5.2 billion USD at 11:30 AM UTC, while the ETH/USDT pair saw a volume of 3.1 billion USD at the same time (Binance, 2025). These indicators, combined with the on-chain data showing increased active addresses, suggest that the market is poised for further growth, and traders should closely monitor these trends for potential entry and exit points.
In terms of AI-related developments, there has been a notable increase in AI-driven trading volume for AI tokens such as SingularityNET (AGIX) and Fetch.AI (FET). On March 24, 2025, AGIX saw a 4.2% increase in price, reaching $0.85 at 12:30 PM UTC, with a trading volume of 250 million USD (CoinMarketCap, 2025). FET experienced a 3.7% rise, trading at $1.12 at the same timestamp, with a trading volume of 180 million USD (CoinGecko, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum has been positive, with a correlation coefficient of 0.65 between AGIX and BTC, and 0.60 between FET and ETH over the past 24 hours (CryptoCompare, 2025). This suggests that AI developments are influencing market sentiment and trading volumes in the cryptocurrency space. Traders might find opportunities in AI-related tokens as the sector continues to grow, potentially leveraging AI-driven trading algorithms to capitalize on these trends.
Overall, the current market dynamics indicate a strong bullish trend, supported by technical indicators, trading volumes, and on-chain metrics. Traders should remain vigilant and consider the potential impact of AI developments on the broader cryptocurrency market as they navigate these conditions.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.