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.”

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.”

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.