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As Bitcoin (BTC) takes a brief breather after creating a new all-time high (ATH) above $125,000, on-chain data shows that three key indicators played a major role in the digital asset’s latest rally to new highs.  These Three Indicators Suggest More Room For Bitcoin According to a CryptoQuant Quicktake post by contributor Arab Chain, fresh data from Binance suggests that BTC is witnessing one of its most significant buying phases since mid-year. Notably, BTC’s price has surged from around $117,000 to $124,000 since the beginning of October. Related Reading: Bitcoin’s On-Chain Roadmap Shows $111,000 – $143,000 As The Range To Watch Arab Chain emphasized three key indicators that suggest the return of whales into the Bitcoin market. First, the net buying pressure (vol_delta) surged past $500 million on some days, indicating that buying pressure outweighed selling pressure from this amount. Similarly, the imbalance ratio (imbalance_pct) recently hit a high of 0.23, suggesting that BTC buy orders on Binance were roughly 23% higher than sell orders. Higher buy orders than sell orders usually indicate strong demand and potential upward pressure on the asset’s price. Finally, the Z-score recorded a value of 0.79, reflecting above-average buying activity. For the uninitiated, a Z-score measures how many standard deviations a data point is from the mean. The CryptoQuant analyst remarked that these indicators confirm that institutional buyers and whales have returned to the Bitcoin market in force. Arab Chain added: This activity coincides with a clear increase in daily trading volumes, which have reached their highest levels since last July, suggesting that the rally is being supported by real liquidity rather than temporary speculation. Recent trading sessions have shown a few of these indicators – especially vol_delta – slightly declining in value, and temporarily moving to negative territory. That said, the broader indicators still favor a continued upward trend for the top cryptocurrency. Notably, the average daily volatility has remained low, confirming strong market confidence and stable demand. This is in stark contrast to the market behavior shown in September, when BTC was struggling in the $100,000 range. To conclude, both technical and behavioral indicators support BTC’s continued rise to $125,000 – $130,000 in the near term. Unless a strong wave of sell-off emerges, any price correction should be viewed as an opportunity to accumulate BTC, Arab Chain noted. What’s Next For BTC? While it is typically a challenge to predict BTC’s future, some analysts are not shying away from giving predictions about the flagship digital asset’s upcoming price trajectory. For instance, BTC’s pricing bands suggest a move toward $140,000 is likely. Related Reading: Bitcoin UTXO Falls To Lowest Level Since April 2024 — What This Means For Price Similarly, rapidly dwindling BTC reserves on crypto exchanges may propel the cryptocurrency’s price to even greater highs, potentially to $150,000 and beyond. At press time, BTC trades at $122,373, up 0.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin’s recent price action suggests a cooling phase after its failed attempt to secure a close above the $123,000–$124,000 all-time high zone. While short-term retracement appears likely, the broader market structure remains bullish. This correction could serve as a healthy reset before Bitcoin gathers momentum for its next major wave, with $150,000 standing as the next target. Heatmap Reveals Key Gaps In Bitcoin’s Support Levels ZYN, a prominent crypto analyst, recently posted an update on X highlighting a key observation from Bitcoin’s cost basis heatmap. The analyst noted that there’s limited support between the $121,000 and $120,000 levels, creating a fragile zone that Bitcoin could easily slip through if selling pressure intensifies. Related Reading: Did Bitcoin Top? Top Trader Warns Of Brutal $98,000 Liquidity Sweep Below that, ZYN pointed out a major area of interest around $117,000, where approximately 190,000 BTC had been previously purchased. This accumulation zone reflects a strong base of recent buyers and could serve as a critical level where market participants step in to absorb any downside pressure. If Bitcoin does pull back toward $117,000, the analyst believes it could set the stage for renewed accumulation rather than a deeper correction. Historically, retracements into strong support levels like this have provided fuel for the next leg higher as both existing and new investors take advantage of lower entry points. Summing up, ZYN emphasized that while Bitcoin lacks meaningful cushioning around $121,000, a solid foundation appears to be forming at $117,000.  BTC Struggles To Hold Above All-Time High Zone In a recent market update, Crypto Candy observed that BTC once again struggled to maintain momentum above its ATH resistance zone between $123,000 and $124,000. The level has proven to be a tough barrier, with price attempts above it quickly met by selling pressure. As a result, BTC failed to close and sustain above this critical area, leading to a retracement that aligns with earlier expectations outlined in their analysis. Related Reading: Bitcoin Momentum Indicator: Why 600,000 Transactions Threshold Matters Most Presently, this short-term correction is viewed as part of a natural and healthy market cycle, not a signal of weakness. The analyst noted that if the current momentum persists, Bitcoin could dip toward the $116,000–$118,000 region before finding strong support. This range is viewed as a potential accumulation zone where buying interest could re-emerge, setting the stage for renewed bullish momentum. Despite the pullback, the broader outlook remains optimistic. Crypto Candy reaffirmed a psychological long-term target of $150,000 for Bitcoin, suggesting that the current price action is merely a temporary pause before the next leg higher. Featured image from Pixabay, chart from Tradingview.com

A cryptocurrency analyst has pointed out how the Open Interest for Bitcoin and the altcoins is forming a setup that previously led to a market downturn. Bitcoin & Altcoins Have Seen A Jump In Open Interest Recently In a new post on X, CryptoQuant community analyst Maartunn has discussed about the latest trend in the Open Interest for Bitcoin and the altcoins. This indicator measures the total amount of positions related to a given asset or group of assets that are currently open on all centralized derivatives exchanges. It takes into account both long and short positions. Related Reading: Bitcoin Plummets To $120,600: This Could Be The Next Support When the value of the Open interest rises, it means speculative interest in the market is going up as traders are opening up fresh positions. Generally, new positions come with more leverage for the sector, so volatility can go up following a jump in the metric. On the other hand, the indicator going down implies investors are either pulling back on risk or getting forcibly liquidated by their platform. Such a washout of leverage typically results in greater market stability. Now, here is the chart shared by Maartunn that shows the trend in the Open Interest for Bitcoin and that for all altcoins combined over the last couple of years: As is visible in the above graph, the Bitcoin Open Interest has witnessed a notable increase alongside the latest price rally, implying investors have been opening up new bets on the derivatives market. This isn’t an unusual trend, as rallies tend to attract attention to the cryptocurrency, especially in the case of a run like the latest one, which has taken the coin to a fresh all-time high (ATH). The scale and speed of the increase can be worth monitoring, however, as such conditions can make the market prone to a liquidation squeeze. Another factor that can be worth noting is that the altcoin Open Interest has also shot up at the same time, indicating speculative activity across the sector has ramped up. From the chart, it’s visible that something like this also occurred in December 2024. “Back then, it led to months of sideways chop followed by a 30%+ drop,” notes the analyst. The market could already be starting to feel the effects of heating in the Open Interest as Bitcoin and the altcoins have gone through notable volatility in the past day. BTC plunged from above $125,000 to below $121,000 in the matter of a few hours, before recovering back near $123,000. Others, like Ethereum, are yet to make any significant recovery from the plunge. Related Reading: Social Media Turns Bearish On XRP: Is This A Buy Signal? This volatility resulted in liquidations of almost $644 million in the cryptocurrency derivatives market, according to data from CoinGlass. BTC Price At the time of writing, Bitcoin is trading around $122,900, up over 5% in the last week. Featured image from Dall-E, CoinGlass.com, charts from TradingView.com

Bitcoin price corrected gains and traded below the $125,000 pivot level. BTC is now consolidating near $122,200 and might struggle to rally above $125,000s. Bitcoin started a downside correction below the $124,000 level. The price is trading below $123,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $122,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $122,000 zone. Bitcoin Price Dips Again Bitcoin price extended gains above the $125,000 zone. BTC climbed above the $125,250 and $125,500 resistance levels before the bears appeared. A new high was formed at $126,198 before there was a correction. The price dipped below the $123,000 support zone and tested the $120,500 region. A low as formed at $120,694 and the price recently recovered above the 50% Fib retracement level of the recent decline from the $126,191 swing high to the $120,694 low. However, the bears are still active near $124,000. Bitcoin is now trading below $123,500 and the 100 hourly Simple moving average. Besides, there is a bullish trend line forming with support at $122,200 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $123,450 level. The first key resistance is near the $124,000 level and the 61.8% Fib retracement level of the recent decline from the $126,191 swing high to the $120,694 low. The next resistance could be $124,850. A close above the $124,850 resistance might send the price further higher. In the stated case, the price could rise and test the $125,500 resistance. Any more gains might send the price toward the $126,000 level. The next barrier for the bulls could be $126,200. More Losses In BTC? If Bitcoin fails to rise above the $124,000 resistance zone, it could start a fresh decline. Immediate support is near the $122,000 level. The first major support is near the $121,200 level. The next support is now near the $120,500 zone. Any more losses might send the price toward the $118,500 support in the near term. The main support sits at $116,800, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $122,000, followed by $121,200. Major Resistance Levels – $124,00 and $124,850.

Bitcoin is entering a critical phase, preparing for a decisive move that will determine its short-term trajectory. After weeks of volatility and record-breaking highs, BTC now faces a pivotal test — it must either reclaim its all-time highs and enter a new phase of price discovery, or continue its correction to establish a stronger base of consolidation around current levels. The market appears finely balanced, with traders watching closely for signs of direction. Related Reading: Grayscale Stakes 32,000 Ethereum Worth $150 Million – Institutional Demand Grows Recent onchain data highlights a surge in new buyers, marking one of the strongest inflows of fresh capital seen in months. This trend suggests renewed bullish momentum, as investors increasingly view Bitcoin’s current range as an opportunity rather than a peak. According to key metrics, the supply held by short-term holders has grown substantially, reflecting the entry of new participants eager to ride the next major impulse. While short-term volatility remains a concern, analysts agree that the underlying structure of the market remains strongly bullish. As long as Bitcoin holds above its major support zones, the stage could be set for another breakout — one that propels the asset beyond its previous highs and into uncharted territory once again. Short-Term Holders Signal a New Phase for Bitcoin Top analyst Axel Adler shared key insights revealing that over the past quarter, short-term holders’ supply has increased by 559,000 BTC, climbing from a low of 4.38 million to 4.94 million BTC. This rise marks a clear influx of new participants entering the market, a pattern often seen during the early stages of bullish expansions. The growth in short-term holder supply suggests that fresh demand is building up — as new investors accumulate Bitcoin, older coins are redistributed, creating a healthier market structure. Historically, periods of rising short-term holder activity have coincided with momentum shifts, as fresh liquidity enters the system and fuels upward volatility. This dynamic reflects renewed market confidence following Bitcoin’s recent push to new all-time highs. More importantly, it shows that retail and short-term investors are re-engaging, positioning for what many analysts expect to be the next major impulse in the cycle. While some caution that high short-term holder activity can also lead to faster profit-taking and volatility, the broader outlook remains constructive. With long-term holders maintaining strong conviction and institutions continuing to accumulate, the combination of new inflows and resilient fundamentals supports a bullish continuation setup. Adler notes that this expansion in short-term supply typically precedes a new phase of market acceleration, as liquidity and optimism return in tandem. If Bitcoin manages to reclaim and sustain levels above its previous all-time high, the growing base of active short-term investors could provide the momentum needed for another breakout. In short, the data suggests that the market isn’t exhausted — it’s recharging, setting the stage for the next leg of the bull cycle. Related Reading: Ondo Secures SEC-Registered Infrastructure With Oasis Pro Acquisition Bitcoin Holds Above Key Support Amid Healthy Pullback Bitcoin is currently trading near $122,600, showing resilience after a sharp rejection from the $126,000 area earlier this week. The 12-hour chart highlights that BTC has entered a consolidation phase following its explosive breakout, with the $120,000–$121,000 range now acting as a short-term support zone. The yellow line at $117,500, a previous resistance from earlier in the cycle, continues to serve as a key structural level that could define the next move. The blue 50-period moving average is trending upward, reinforcing bullish momentum, while the 200-period moving average remains far below the current price, confirming that Bitcoin is still in a strong uptrend. Despite the recent correction, the price structure remains constructive — higher highs and higher lows continue to form, suggesting that bulls are maintaining control. Related Reading: BNB Keeps Printing New ATHs, Breaks $1,200 For The First Time Ever A decisive rebound above $124,500 could mark the beginning of a renewed push toward all-time highs, while a breakdown below $120,000 could open the door for a deeper retest of $117,500. Overall, this chart reflects a healthy cooldown after an aggressive rally, allowing momentum indicators to reset. As long as BTC holds above its key supports, the broader trend remains firmly bullish, setting the stage for another attempt toward price discovery. Featured image from ChatGPT, chart from TradingView.com

Bitcoin faced a swift correction below the $125,000 level after reaching a new all-time high of $126,200 on Monday, triggering widespread volatility across the market. The price retraced over 4% to around $120,000, liquidating millions in leveraged positions as traders anticipated further upside. The move caught many off guard, especially after days of strong momentum and renewed optimism that Bitcoin was preparing to enter another price discovery phase. Related Reading: Grayscale Stakes 32,000 Ethereum Worth $150 Million – Institutional Demand Grows Despite the pullback, key on-chain data reveals a contrasting trend beneath the surface — a massive accumulation by US investors. Analysts note that while short-term traders faced liquidations, spot demand from US-based buyers continues to grow, particularly through regulated platforms and ETFs. This steady inflow of capital provides a strong foundation for long-term market strength, even amid short-term volatility. The correction may have flushed out excessive leverage, resetting market conditions for a healthier continuation. As Bitcoin consolidates around the $120,000–$122,000 range, analysts are watching closely to see whether institutional accumulation can offset the selling pressure. For now, the broader trend remains bullish, with growing evidence that US investors are using every dip to increase exposure to the world’s leading digital asset. US Demand Surges As Coinbase Premium Gap Signals  Accumulation Top onchain analyst Maartunn shared new data revealing a sharp increase in US-based Bitcoin accumulation, driven largely by activity on Coinbase, one of the most influential exchanges for institutional and retail investors in the United States. According to his insights, the Coinbase Premium Gap — which measures the price difference of Bitcoin between Coinbase and other global exchanges — has surged to its second-highest level since the ETF launch earlier this year. This spike signals an aggressive buying spree from US investors, suggesting strong spot demand that is outpacing global averages. Historically, similar jumps in the Coinbase Premium Gap have coincided with phases of major market expansion, often preceding new highs as US capital flows into Bitcoin-led rallies. The data indicates that US traders are willing to pay a higher premium compared to their counterparts on platforms like Binance or OKX — a clear expression of localized demand. Analysts interpret this as a bullish signal in the context of Bitcoin’s current consolidation near all-time highs. After a brief correction from $126,000 to $120,000, strong institutional interest could provide the liquidity needed for a new breakout. Many market watchers believe that such robust accumulation is rarely random; it often precedes a significant expansive move, as buyers position themselves before another upward leg. If this buying pressure sustains, Bitcoin could soon reclaim its highs and enter a new phase of price discovery. Combined with growing ETF inflows and steady US accumulation trends, Maartunn’s data reinforces the narrative that the market’s next major impulse may once again be led by US demand — the same catalyst that ignited Bitcoin’s previous all-time high breakout earlier this year. Related Reading: Ondo Secures SEC-Registered Infrastructure With Oasis Pro Acquisition Bitcoin Consolidates After Sharp Rally Bitcoin is currently trading around $122,500, showing signs of stabilization after the recent surge to an all-time high near $126,000 earlier this week. The chart highlights a healthy pullback from the highs, with BTC finding support just above the $120,000 level — a zone that previously acted as resistance and has now turned into a short-term support range. The 8-day and 21-day moving averages are trending upward, confirming the continuation of a bullish structure. Meanwhile, the 50-day moving average remains below the price, indicating that momentum still favors the bulls despite short-term volatility. If Bitcoin manages to hold above the $120,000–$121,000 region, the setup could attract renewed buying pressure for another attempt to break above the $125,000 resistance. Related Reading: TRX Repeats Its 2021 Setup: Volume Cooldown Signals Smart Money Accumulation However, failure to maintain these levels could open the door for a retest of the $117,500 area, where the next major support lies. This would still be within a healthy correction range following the recent 15% rally. Overall, Bitcoin’s structure remains bullish, with strong higher lows forming and institutional demand — led by Coinbase inflows — continuing to support the market. A decisive move above $125,000 could signal the beginning of a new price discovery phase. Featured image from ChatGPT, chart from TradingView.com

Bitcoin has shown renewed strength on the weekly timeframe by resuming a steady uptrend that began earlier in the year. After several weeks of ranging between $110,000 and $120,000, Bitcoin is now on intense momentum supported by institutional demand, which has led to a new all-time high in the past 24 hours.  Interestingly, technical analysis of Bitcoin’s weekly price chart shows the cryptocurrency is gearing up for an explosion to $200,000. This projection is based on Bitcoin’s ongoing price behavior being an exact replica of Gold’s rally during the 1970s. Bitcoin Aligning With the 1970s Gold Rally An interesting technical analysis shared by Mikybull Crypto on the social media platform X details how Bitcoin’s price action on the 1-week and 2-week candlestick charts is following a path walked by Gold in prior decades. His latest post on X draws parallels between Bitcoin’s ongoing price behavior and Gold’s rally during the 1970s, an era that saw the precious metal surge massively. Now, it seems that Bitcoin is now mirroring that same macro setup and could be gearing toward a price explosion to $200,000 or higher. Related Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 In one of the charts shared by Mikybull, Gold’s price action from the mid-1970s to 1980 is overlaid with Bitcoin’s multi-year trajectory. This Gold price chart shows a consolidation phase followed by a powerful breakout in the late 1970s. According to Mikybull, Bitcoin’s structure follows this trend almost perfectly. In his analysis, he noted that Bitcoin’s price is forming higher lows above a macro ascending trendline, the same kind of structure that preceded Gold’s explosive run. Gold’s third breakout wave (Wave 5) ushered in this run, and Mikybull projected that Bitcoin is now entering a similar phase, as shown by the blue ellipse in the chart below. Mikybull’s comparison also integrated the legendary Livermore Speculative Chart, which is an early 20th-century framework, to track Bitcoin’s behavior. Bitcoin’s price action on the weekly timeframe follows a structure labeled from one through ten, each level corresponding to phases in the Livermore Speculative Chart. Why Bitcoin Can Explode To $200,000 May Only Be the Beginning For Bitcoin As shown in the chart above, Bitcoin is currently trading around the 1.272 Fibonacci extension level below $125,000 and is playing out the eighth stage of Livermore’s speculative cycle. Current market trends point to Bitcoin advancing past the eighth stage at the 1.618 Fib level ($145,355) to then advance to the ninth stage of the cycle, which is just above the 2.618 Fibonacci extension level at $204,000. Related Reading: This Major Bitcoin Metric Just Made A New Low For The First Time In 6 Years, Is An ATH Above $130,000 Coming? After that lies the tenth stage, around the 3.618 extension at $262,000, projected to be the final peak of this cycle based on Livermore’s speculative cycle. At the time of writing, Bitcoin is trading at $121,450, having retraced slightly after its most recent all-time high of $126,080 on October 6. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin has seen a pullback below the $121,000 mark in the past day. Here’s where the next support level could lie, according to on-chain data. Bitcoin Has Witnessed A Fast Plunge During The Last 24 Hours Bitcoin looked to be entering into an extended all-time high (ATH) exploration mode as it set multiple new records over the weekend and Monday, but the market has been delivered a Tuesday shock as the cryptocurrency has seen a quick crash back below $121,000. Compared to the new ATH around $126,200, Bitcoin is now down more than 4%. The altcoins have also taken a hit during the past day, with many top coins even printing returns worse than the number one digital asset. 24-hour losses stand at 5% for Ethereum and 6% for XRP. BNB is the only cryptocurrency among the large caps that has managed a positive return of 5%. Related Reading: Social Media Turns Bearish On XRP: Is This A Buy Signal? With Bitcoin now sliding down, one question naturally arises: how much lower can the asset go? While markets are unpredictable, there can still be some factors worth keeping an eye on. One such factor may be on-chain support clusters. BTC CBD Shows Support Cluster Around $117,000 In a new post on X, on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution (CBD) is looking for Bitcoin. The CBD is an indictor that tells us about how many tokens of the cryptocurrency were last acquired at the various spot price levels. Below is the chart for the metric shared by Glassnode. As displayed in the above graph, the $120,000 to $121,000 range, which the cryptocurrency is retesting right now, carries the cost basis of a thin amount of supply. In on-chain analysis, investor cost basis is considered an important topic because holders tend to react in a special manner whenever their break-even level is retested. The more supply that was last purchased at a particular level, the stronger is the market’s reaction to a retest. When investors face a retest of their profit-loss boundary from the above, they may decide to buy more, believing the drawdown to be a “dip” or for simply defending their cost basis. Given that the current range contains the cost basis of some investors, some degree of accumulation could happen, but it only remains to be seen whether it will be enough for a bottom. Related Reading: Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next? In the scenario that BTC declines further, the next key support cluster to watch is located near $117,000, where a notable 190,000 BTC was acquired. “A pullback into this area could attract demand as recent buyers defend the level,” explains the analytics firm. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

As Bitcoin (BTC) resumes recording new all-time highs (ATH), focus is back on key price levels that could provide investors with an idea about the next possible resistance levels that may see a sell-off in BTC. Fresh on-chain data offers a map of BTC’s most important price levels. Bitcoin May Face Resistance At These Levels According to a CryptoQuant Quicktake post by contributor Crazzyblockk, the cost basis (Realized Price) of BTC Short-Term Holders (STH) provides a snapshot of important support and resistance zones. Related Reading: Bitcoin Sharpe-Like Ratio Shows Market In Wait-and-See Mode At $119,000 Notably, the STH Realized Price highlights the aggregate price at which recent market participants acquired their BTC. This information can give analysts an idea about potential price levels that can influence investors’ behavior to either take profits or hold their positions. Crazzyblockk highlighted multiple price levels that could function as potential profit-taking zones. For instance,

While most eyes remain fixated on Bitcoin’s price swings and ETF inflows, the real revolution is unfolding quietly in its code. This silent evolution is redefining how value, contracts, and trust can operate on the leading secure blockchain. How Layer-2s Are Turning Bitcoin Into A Dynamic Ecosystem Bitcoin’s new all-time high (ATH) is dominating the timeline, but it’s not the real story. Under the surface of price charts and speculation, a quiet technological revolution is taking shape and could redefine BTC’s utility in the ecosystem. In an X post, High Tower revealed the real ATH is in the code, and the movement centers on BitVM2, an evolution of the original BitVM model. While some are watching the price, projects such as Fiamma are turning this concept into working code. Related Reading: Here’s Why The Bitcoin Price Crashed After Hitting $125,700 All-Time High At its core, BitVM was a concept that enabled complex computations to run off-chain using BTC only as the final arbiter. However, the system came with a catch, and it relied on a single verifier that had to stay online 24/7 to detect fraud, acting as a single point of oversight. If the verifier went offline or missed a dishonest move, the integrity of the system was compromised. BitVM2 fundamentally flips this model. Instead of depending on the verifier, it shifts the burden of honesty onto the prover. The prover doing the computation must continuously prove they are honest. If they cheat, that collateral can be claimed by anyone monitoring the chain. For the first time, on-chain proofs are not dependent on a single constantly online watchdog. This change unlocks the door to truly trust-minimized bridges and Layer-2 solutions on BTC that don’t rely on federations or wrapped assets. Instead, the system relies on economic incentives and on-chain fraud proofs. Thus, using native BTC in DeFi, not wrapped versions like wBTC, could soon move freely across DeFi systems, which is where projects like Fiamma Labs come in.  Fiamma is building the first EVM-compatible layer on top of BitVM2, enabling smart contracts to run directly with BTC’s native security. Tower added that it’s too early to call this the endgame for Layer-2s, but architecturally, it’s a major leap forward.  Where Bitcoin Could Catch Its Breath Bitcoin’s climb to new all-time highs has once again captured market attention. Crypto trader Lennaert Snyder has mentioned that the move isn’t as one-sided as it looks. While momentum remains strong, Bitcoin’s chart reveals significant liquidity pools to the downside.  Related Reading: Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now According to Snyder, BTC’s recent breakout has left behind multiple support zones, represented as boxes on his chart, and two paths are likely from here. Either BTC holds these highs and continues to run, or BTC flushes out longs before a sharp reversal upward. The trader specifically highlights the $113,500 to $114,800 range as a key liquidity flush. Featured image from Getty Images, chart from Tradingview.com

Bitcoin price struggled to surpass $126,200 and corrected gains. BTC is now consolidating near $122,000 and might aim for a recovery wave. Bitcoin started a downside correction below the $125,000 level. The price is trading below $124,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $120,500 zone. Bitcoin Price Corrects Gains Bitcoin price extended gains above the $124,000 zone. BTC climbed above the $125,000 and $125,500 resistance levels before the bears appeared. A new high was formed at $126,198 before there was a downside correction. The price dipped below the $124,000 support zone. There was a sharp move and the price tested the $120,500 region. The price is now consolidating near the 23.6% Fib retracement level of the recent decline from the $126,191 swing high to the $120,694 low. Bitcoin is now trading below $124,000 and the 100 hourly Simple moving average. Besides, there is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $122,250 level. The first key resistance is near the $123,500 level and the trend line. It is close to the 50% Fib level of the recent decline from the $126,191 swing high to the $120,694 low. The next resistance could be $124,200. A close above the $124,200 resistance might send the price further higher. In the stated case, the price could rise and test the $125,500 resistance. Any more gains might send the price toward the $126,000 level. The next barrier for the bulls could be $126,200. More Losses In BTC? If Bitcoin fails to rise above the $123,500 resistance zone, it could start a fresh decline. Immediate support is near the $121,200 level. The first major support is near the $120,500 level. The next support is now near the $118,500 zone. Any more losses might send the price toward the $116,200 support in the near term. The main support sits at $115,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $121,200, followed by $120,500. Major Resistance Levels – $122,250 and $123,500.

Bitcoin supply on exchanges has hit a new low for the first time in six years, providing a bullish outlook for BTC. This comes as the flagship crypto continues to hit new all-time highs (ATHs), with the $130,000 target now in sight.  Bitcoin Supply On Exchanges Hit Six-Year Low Glassnode data shows that the Bitcoin supply on exchanges has fallen to a six-year low of around 2.8 million BTC. The last time the BTC balance on exchanges was this low was in June 2019, when the flagship crypto was trading at around $8,745. This development confirms that investors are accumulating Bitcoin at an unprecedented pace.  CryptoQuant data also confirms this development, with the Bitcoin exchange reserve currently at 2.5 million BTC, even lower than what is shown on Glassnode’s dashboard. This is bullish for the BTC price, as such massive demand usually precedes a major supply squeeze. Notably, this comes amid an increased demand from institutional investors, with the BTC ETFs recording $3.2 billion in weekly inflows last week, their second-largest since their launch last year.  Related Reading: Bitcoin Price Still On Track To Hit $165,000, JPMorgan Analysts Reveal Timeline This comes as institutional investors move to Bitcoin as a safe-haven asset as part of the debasement trade during this period of uncertainty caused by the U.S. government shutdown. Thanks to the increased demand, BTC is already up 9% to start this month and rallied to multiple all-time highs amid the ‘Uptober’ rally.  The Bitcoin price topped $126,000 for the first time ever yesterday and now looks on course to test the $130,000 milestone. With the massive demand from the BTC ETFs, there is the belief that the flagship crypto could hit this milestone this month. SoSo Value data shows that these funds took in $1.19 billion in net inflows yesterday, their highest daily inflow this year.  BTC Could Break Above $130,000 Crypto analyst Titan of Crypto has suggested that Bitcoin is on track to make a new all-time high (ATH) above $130,000. He noted that BTC is testing the same trendline that rejected it a few weeks ago. However, this time around, the weekly MACD is crossing bullish, which could spark the rally above $130,000. His accompanying chart showed that a rally to as high as $140,000 was a possibility if the flagship crypto flips $130,000 into support.  Related Reading: Bitcoin’s 2021 Playbook Shows The Final Price Target For This Bull Cycle Crypto analyst Mikybull Crypto also noted that Bitcoin is currently facing resistance around its current price level, making it a key level to watch. He added that a meaningful breakout above this level will send BTC to between $136,000 and $150,000.   At the time of writing, the Bitcoin price is trading at around $124,500, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Bitcoin (BTC), the leading cryptocurrency, has made headlines this week by consistently breaking all-time highs, recently surpassing the $126,000 mark for the first time.  However, the current price action has not only drawn attention from investors but also reignited discussions surrounding a notable prediction made two years ago. An anonymous user had forecasted that Bitcoin would achieve a peak on October 6, 2025—a prediction that came to fruition just yesterday. Potential New Bear Market Ahead Despite this milestone, Bitcoin has retraced to around $121,000 within hours after today’s record, leading to a wave of liquidations from long positions across various exchanges.  This rapid price fluctuation has led many to speculate that the recent peak could potentially mark the cycle’s all-time high, suggesting that Bitcoin might soon enter a new bear market phase. Related Reading: Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next The prediction made in December 2023 posits that if historical patterns hold true, the bear market low is expected to occur precisely 364 days later. This theory has gained traction amidst today’s volatility, with experts warning that a shift in market sentiment could be imminent.  Market analyst Doctor Profit has recently cautioned that despite the current bullish trend, the market is entering a precarious phase. He noted that while there is a prevailing sense of euphoria, underlying financial indicators are signaling a potential liquidity crisis. Highlighting the current situation, Doctor Profit pointed to the Reverse Repo (RRP) market, which has plummeted from a peak of $2.2 trillion in mid-2022 to a mere $8–10 billion today.  This decline raises concerns about the stability of interbank liquidity, suggesting that the financial system may soon face significant dislocations if the RRP continues to dry up. Historical parallels from 2018, 2019, and 2023 indicate that such liquidity issues often precede major market corrections. Moreover, US banks are reportedly grappling with approximately $395 billion in unrealized losses as of the second quarter of the year, putting additional pressure on their balance sheets.  Expert Sounds The Bitcoin Alarm In the crypto space, recent trends reveal substantial inflows into exchange-traded funds (ETFs), with firms like BlackRock contributing over $1 billion in Bitcoin and $200 million in Ethereum just last week.  However, Doctor Profit contends that the market’s broader liquidity picture remains concerning. While retail traders are expressing optimism about a “liquidity flood,” the expert cautions that the influx of cash into money market funds could actually drain liquidity from broader markets rather than enhance it. Related Reading: BNB Price Hits $1,240 Record High: Partners With Chainlink For On-Chain US Economic Data The current market environment is also characterized by a notable uptick in insider selling, according to the expert’s broader landscape analysis, in which executives are reportedly offloading shares at an unprecedented rate, even as retail investor inflows surge.  The expert believes that this alleged market manipulation often signals a market cycle peak, creating what he believes “a highly toxic mix” that could have adverse implications for future price movements. In conclusion, Doctor Profit notes that the overall sentiment paints a bearish picture at a macro level. Both the crypto and stock markets are seen as being at an increased risk of entering a bear market after the fourth quarter.  Featured image from DALL-E, chart from TradingView.com 

With the latest rally to a new all-time high above $125,700, the Bitcoin price looks to have begun another path that could lead to multiple new all-time highs. At this time, market sentiment has moved back into the positive, and this continues to show in the way the price has held above $120,000 despite the corrective dips. Crypto analyst CrediBULL Crypto believes that this means that the Bitcoin price is set on its path to $150,000, so this report takes a look at the breakdown. Why The Bitcoin Price Is Headed To $150,000 And The Best Time To Buy In the analysis that was shared with over 478,000 followers on the X (formerly Twitter) platform, CrediBULL Crypto highlights the recent move that saw the Bitcoin price hit a new all-time high. According to the analyst, the fact that it was an impulse move led to this all-time high is bullish, and shows that the cryptocurrency is ready for the next leg-up that will lead it to $150,000. Related Reading: Bitcoin’s 2021 Playbook Shows The Final Price Target For This Bull Cycle Naturally, there have been pullbacks when the Bitcoin price has retested the $121,000-$122,000 zone. However, the price has held up, and most especially, it is well above $108,400, which was the start of the impulse wave. Given that this level was the bottom that began this recent move, the Bitcoin price remains bullish as long as it continues to trade above it. This also drives into the fact that there are particular areas of interest from here that would make for a good entry point. The crypto analyst points out the next demand zone that is lying firmly between $108,000 and $118,000, due to how the last move began and played out. CrediBULL Crypto explains that for the crypto traders who had shorted the move between $108,000 and $118,000 and are now stuck with underwater bags, a return to this zone would create a strong area of demand. This is because these traders would be looking to close their underwater positions or possibly refill their positions at these levels. Either way, the outcome is the same: it would create a lot of demand at this level, making it a potential area for a bounce. Related Reading: XRP Ready For Bullish Pop As Important Technical Signal Reappears Going by this logic, if the Bitcoin price does retrace back anywhere between $108,000 and $118,000, then it would be an ideal time to buy. “Dips into that zone of 108-118k are a blessing if we get them- and if not, well then enjoy the ride to 150k,” the analyst stated. However, this depends entirely on the Bitcoin price holding above the $108,400 start point. If the price were to fall below this level, then it is possible it would invalidate this bullish thesis and trigger more sell-offs once again. Featured image from Dall.E, chart from TradingView.com

On-chain data shows the Bitcoin short-term holder whales are sitting on their highest unrealized gain of the cycle after the latest rally. Bitcoin Short-Term Holder Whales Are Carrying $10.1 Billion In Profits As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin short-term holder whales have seen their profits hit the highest point of the cycle. The short-term holders (STHs) broadly refer to the BTC investors who purchased the cryptocurrency within the past 155 days. These holders are considered to include the “weak hands” of the market, who tend to panic at the sight of volatility. Related Reading: Bitcoin STH Exchange Inflows Hit $5.7B: Profit-Taking Already Underway? In the context of the current topic, the STHs as a whole aren’t of relevance, but rather a specific portion of the cohort: the whales. “Whales” are defined as entities carrying more than 1,000 tokens of the asset in their wallet balance. The STH whales, therefore, would be the holders of this size who got into the market in the last five months. Bitcoin is currently trading at price levels it has never reached before in its history, so the STHs (barring those who bought at the weekend high above $125,000) would naturally all be in profit at the moment. An indicator that can highlight the scale of their gain is the Unrealized P&L, which measures, as its name suggests, the net amount of unrealized profit/loss that Bitcoin holders are carrying right now. Below is the chart shared by Maartunn that shows the trend in this indicator for the Bitcoin STH whales over the past year. From the graph, it’s visible that the Bitcoin STH whales fell into the red during the cryptocurrency’s decline in late September. But with the rally in the asset, the Unrealized P&L for the group has seen a sharp recovery into the positive region, rising to a high of $10.1 billion. The analyst notes that this is a cycle high for the metric. Given the weak nature of the STHs, it’s possible that these massive profits may entice some of these whales into exiting the market here. It now remains to be seen whether enough demand will keep coming in to absorb any such potential profit-taking. Related Reading: Dogecoin’s Big Breakout Incoming? Analyst Calls To “Stay Alert” Speaking of the STHs, the current cycle has seen two large waves of coin transfer from the long-term holders (LTHs) to the STHs, as on-chain analysis suite Checkonchain has highlighted in an X post. “3.45M BTC has shifted to Short-Term Holders this cycle, rivaling 2016–17 in scale but at 100x higher prices,” notes Checkonchain. BTC Price At the time of writing, Bitcoin is floating around $124,600, up around 11% over the last seven days. Featured image from Dall-E, CryptoQuant.com, Checkonchain.com, chart from TradingView.com

Bitcoin price started a strong increase and traded above $126,000. BTC is now consolidating gains and might aim for more gains in the short term. Bitcoin started a major increase above the $125,000 zone. The price is trading above $124,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $124,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $125,500 zone. Bitcoin Price Sets New ATH Bitcoin price managed to stay above the $122,000 zone and started a fresh increase. BTC settled above the $123,500 resistance zone to start the current move. The bulls were able to pump the price above the $125,000 and $125,500 levels. They even cleared the $126,000 level. A new high was formed at $126,198 before there was a minor pullback. The price traded below the 23.6% Fib retracement level of the recent wave from the $122,230 swing low to the $126,198 high. Bitcoin is now trading above $124,000 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support at $124,200 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $125,250 level. The first key resistance is near the $125,500 level. The next resistance could be $126,200. A close above the $126,200 resistance might send the price further higher. In the stated case, the price could rise and test the $126,500 resistance. Any more gains might send the price toward the $128,000 level. The next barrier for the bulls could be $130,000. Downside Correction In BTC? If Bitcoin fails to rise above the $125,500 resistance zone, it could start a fresh decline. Immediate support is near the $124,200 level and the trend line. The first major support is near the $123,250 level or the 76.4% Fib retracement level of the recent wave from the $122,230 swing low to the $126,198 high. The next support is now near the $122,500 zone. Any more losses might send the price toward the $121,200 support in the near term. The main support sits at $120,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $124,200, followed by $123,250. Major Resistance Levels – $125,500 and $126,500.

As Bitcoin (BTC) hit a new all-time high (ATH) of $125,708 on Binance yesterday, BTC exchange inflows are starting to show signs of slowing down. As a result, crypto analysts are confident that the top cryptocurrency by market cap may be on the cusp of a healthy rally. Bitcoin Exchange Inflows Slump Amid New ATH According to a CryptoQuant Quicktake post by contributor ChainSpan, fresh on-chain data shows that the average amount of BTC inflows into exchanges such as Binance has decreased significantly. Related Reading: Bitcoin Sharpe-Like Ratio Shows Market In Wait-and-See Mode At $119,000 To recall, BTC sent to exchanges is usually seen as a warning sign, as it suggests that investors are attempting to sell their holdings at prevailing market prices. As a result, high inflows to exchanges typically create selling pressure on the underlying asset’s price. On the contrary, a decrease in exchange inflows indicates that BTC holders are opting to hold their assets in cold wallets. One of the cascading effects of lower exchange inflows is that it could lead to a “supply crunch” for BTC, which may lead to extraordinary price appreciation in a short duration. ChainSpan noted that as Bitcoin’s price surged from $108,000 to $125,000 over the past few weeks, the inflow average for the cryptocurrency has dropped from 0.55 to 0.48. This suggests that the current rally is being driven by organic market demand and holding behavior. Put simply, the increase in BTC’s price is not happening in tandem with a speculative selling wave, but rather on a foundation of reduced selling pressure. The analyst added: In the short term, this backdrop supports the upward trend. Yet, if large inflows into exchanges suddenly appear in the coming days, it could be a sign that major players are preparing to sell. In such a case, a short-term correction in the price may follow. The CryptoQuant analyst concluded by saying that although the current market conditions point toward low selling intent and strong demand for BTC, a sudden spike in exchange inflows could derail the digital asset’s momentum. As a result, investors should keep a close eye on the metric. Will BTC Surge Further In Q4? While BTC has already created a new ATH, some crypto analysts forecast that the digital asset may record more gains in the coming quarter. Crypto analyst Rekt Capital predicted that BTC could peak sometime in mid-November. Related Reading: A Breakout To New Highs? Bitcoin’s Bullish Wave Eyes $130k As RSI Stays Firm Similarly, recent analysis by the team at The Bull Theory forecasts that BTC may surge as high as $143,000 in October. Historically, October has been one of the strongest months for BTC in terms of price appreciation. That said, BTC must first ensure it decisively breaks through the stiff resistance at $125,000 and defends the support level at $118,000. At press time, BTC trades at $125,189, up 1.9% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin’s wonderful rally to a new all-time high of $125,700 on Sunday was met almost immediately by a sharp correction. This sudden pullback, which is expected given the all-time high, saw Bitcoin break below $123,000 in less than two hours after the new record.  Interestingly, on-chain data shows a notable increase in whale activity during and after the all-time high to and from exchanges. One such example is a massive $200 million Bitcoin transfer into Binance, a move that appears to have been a calculated profit-taking action by a whale address. Whale Profit-Taking Contributes To Selling Pressure Shortly after Bitcoin hit its record high, blockchain data first revealed by whale transaction tracker Whale Alert on X shows that a whale address identified as “3NVeX” transferred a total of 1,550 BTC, worth nearly $200 million, to Binance in two separate transactions. The first transaction involved the transfer of 800 BTC worth $100 million, followed by another transfer of 750 BTC worth $93.7 million. Related Reading: Bitcoin Price Still On Track To Hit $165,000, JPMorgan Analysts Reveal Timeline The timing of these transfers coincided almost perfectly with the recent price top, and the whale most likely sold into the rally. Once the transfers were completed, the wallet held only about 0.1 BTC, meaning the whale had sold off most of their holdings. According to data from whale transaction tracker Whale Alert shared on X, the number of large Bitcoin transfers to and from exchanges has increased notably over the past few days. Several multi-million-dollar transactions, each exceeding $10 million, have been spotted moving between private wallets and major trading platforms such as Binance and Coinbase. Another notable example is the transfer of 401 BTC worth $50.2 million from an unknown wallet address “1Jip8s” into Coinbase Institutional. Not long after, 401 BTC were sent from an unknown wallet “1E8p4n” into Coinbase Institutional in another separate transaction. Altogether, the sudden wave of high inflows across multiple platforms paints a clear picture of whales locking in profits after Bitcoin’s all-time high. Bitcoin Price Outlook Bitcoin’s price quickly slipped below $123,000 following the whale-triggered selloff, before rebounding to around $122,530. The pullback was relatively modest compared to previous all-time highs, but it nonetheless served as a reminder of how easily large holders can influence price action. Related Reading: Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now Despite the brief downturn, the correction may prove healthy for Bitcoin’s rally. It allows overheated momentum to cool off and sets the stage for a more sustainable advance once selling pressure eases. Data from Whale Alerts shows cases of millions of dollars worth of BTC also leaving crypto exchanges for private, unknown wallets. At the time of writing, Bitcoin is trading at $123,380. As long as Bitcoin maintains support above $120,000, its long-term outlook remains bullish, and it may as well create a new all-time high before the week runs out. This also depends on how well Spot Bitcoin ETFs perform this week. Featured image from Pixabay, chart from Tradingview.com

While the Bitcoin price seems to have deviated completely from the four-year cycle that dictated the previous bull and bear markets, there are still some similarities that remain that suggest that it could still play out in a similar way. The major similarity that has emerged is the formation of a bearish crab pattern back in 2021, and now, the same pattern has reappeared. Thus, taking a look at the direction of the 2021 formation could give an insight into where the Bitcoin price is headed next from here. The Pattern That Triggered The Bitcoin Price Explosion In an analysis, crypto analyst Weslad was the one who pointed out that the Bearish Crab Pattern had returned, and this was formed on the daily chart as well. Interestingly, the current formation looks eerily similar to the way it formed back in 2021, suggesting that the resulting trend could play out the same. Related Reading: Key Price Breakout Sets Dogecoin On 153% Rally To Clear $0.65 – Details Back in 2021, when the Bearish Crab Pattern came up, the result was a price explosion that sent the Bitcoin price toward its $69,000 all-time high. This “Blow-off top” rally is usually the last rally in a bull market, and its end often signals the start of the next bear market. With this pattern, though, there are a number of targets to watch out for that could show where the price is headed next. The first of these is that the Bitcoin price would need to complete a daily close above the $124,545 level, and this is known as the Activation Trigger. Next in line is what Weslad refers to as the “Buy The Dip Zone”. This would be the ideal price range to enter Bitcoin in the case of a retrace, and this lies between $118,000 and $120,000. A dip toward these levels is nothing to worry about, as it means that the bulls are still in control. Related Reading: Dogecoin Face-Melting Rally: This Bullish Impulse Will Send Price Toward $0.8 ATH Both of the zones outlined above, if held, would see the Bitcoin price continue its bullish rally. If the final, explosive leg does play out as it did back in 2017-2021, then the Crab pattern suggests that the Bitcoin price will at least go to $136,000, with an extended target of $147,000, and the possibility that it goes further toward $160,000. However, the final target is the bearish one that could send the Bitcoin price crashing back downward, and it lies at $107,000. According to the crypto analyst, a break below this level would invalidate the entire bullish thesis, calling it the “line in the sand.” Weslad explains that “The invalidation level at $107K is crucial. A break below there means the setup is broken, and we must re-assess.” Featured image from Dall.E, chart from TradingView.com

Bitcoin price started a strong increase and traded above $124,000. BTC is now consolidating gains and might aim for a fresh rally in the short term. Bitcoin started a major increase above the $123,500 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $124,500 zone. Bitcoin Price Starts Fresh Rally Bitcoin price managed to stay above the $120,000 zone and started a fresh increase. BTC settled above the $121,500 resistance zone to start the current move. The bulls were able to pump the price above the $123,500 and $124,000 levels. They even cleared the $125,000 level. A high was formed at $125,670 before there was a minor pullback to $122,250. The price is again rising and trading near the 50% Fib retracement level of the recent decline from the $125,670 swing high to the $122,320 low. Bitcoin is now trading above $123,000 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $124,000 level. The first key resistance is near the $124,500 level or the 61.8% Fib retracement level of the recent decline from the $125,670 swing high to the $122,320 low. The next resistance could be $125,500. A close above the $125,500 resistance might send the price further higher. In the stated case, the price could rise and test the $126,500 resistance. Any more gains might send the price toward the $128,000 level. The next barrier for the bulls could be $130,000. Downside Correction In BTC? If Bitcoin fails to rise above the $124,500 resistance zone, it could start a fresh decline. Immediate support is near the $123,000 level and the trend line. The first major support is near the $122,250 level. The next support is now near the $121,500 zone. Any more losses might send the price toward the $120,000 support in the near term. The main support sits at $118,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $123,000, followed by $122,250. Major Resistance Levels – $124,500 and $125,500.

Bitcoin’s price gain in the last week has resulted in multiple other positive developments, ranging from a surge in ETF inflows to a bullish change in option trading calls, all signifying a renewed market confidence. In particular, over 99% of Bitcoin’s circulating supply is now held at an unrealized profit, a milestone that underscores the market’s strength. However, historical trends suggest that such conditions often precede a major price correction. Related Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead Bitcoin May Be Headed For 10% Correction – Analyst In an X post on October 4, market analyst Ted Pillows shares an important cautionary insight on the present Bitcoin market. Using data from the on-chain analytics platform CryptoQuant, nearly 99.3% of all Bitcoin supply is now in profit following the asset’s bullish resurgence in the first week of October. Notably. With Bitcoin currently trading around $122,000, this milestone reflects the present overwhelming profitability of holders across the network. However, this is also a rare event that has historically preceded short-term market corrections. According to Pillows, the last three times Bitcoin’s “supply in profit” ratio climbed above 99%, the market experienced brief corrections ranging from 3% to 10%. These drawdowns may be seen as “cooling phases,” allowing overheated momentum to reset before prices resumed their upward trend.  Interestingly, in a separate X post, a fellow analyst with the username Rekt Capital shares a similar viewpoint. In particular, Rekt Capital explains that Bitcoin’s rejection at its all-time high around $124,000 has been consistently followed by a 13% price pullback. Based on these analyses, Bitcoin prices could be in potential danger of slipping to between $106,000 – $109,000 before finding a potential support zone for the next leg upward. Related Reading: Bitcoin On The Cusp Of New Price Discovery Rally: Analyst Forecasts Mid-November Peak Bitcoin Price Outlook At the time of writing, Bitcoin trades at $122,246 after a price gain of 11.73% in the past seven days. Despite the strong cautionary predictions, historical data prove October to be a generally bullish trading month with an average gain of 21.89%  and a median gain of 21.20%.  Meanwhile, Coincodex analysts agree with the notion, while noting the presently high bullish sentiments, as the Fear & Greed Index climbs to 71, representing extreme greed. Looking at the short-term, these analysts expect Bitcoin to rise to $130,994 in the next five days but project an eventual retracement to around $126,535. However, they predict the premier cryptocurrency to reach a $140,009 target by the end of 2025. With a market cap of $2.43 trillion, Bitcoin remains the largest cryptocurrency with a market dominance of 58.4%. Featured image from Pexels, chart from Tradingview

Bitcoin (BTC) has maintained a strong bullish performance over the past seven days, with the price gaining by approximately 12%. The crypto market leader rose to near $124,000 before experiencing a slight retracement, which has now forced prices to $122,070. With the market maintaining a consolidation pattern, prominent analyst Ali Martinez has shared some important price insights based on the MVRV pricing bands. Related Reading: Bitcoin, XRP Testing Key Resistances And Could Turn Messy Again – Here’s Why Holding Above $117k Could Propel BTC To $140k Next The MVRV (Market Value to Realized Value) metric measures how far Bitcoin’s market price deviates from its realized price, effectively assessing whether BTC is overvalued or undervalued relative to historical norms. The chart’s color-coded deviation bands visualize these extremes, with the +0.5σ ($117,644) band presently acting as an important threshold. In an X post on October 4, Maritnez explains the importance of this deviation band, stating that BTC’s ability to maintain price action above this mid-level band could precede large-scale bullish continuations. In contrast, the chart below suggests that a sustained price drop below the +0.5σ has often marked deeper corrections or mid-cycle resets. Notably, the upper red band, marked around $139,800 (+1σ), represents the next key resistance level and an area where traders are expected to start taking profits. However, a steady consolidation above +0.5σ is necessary to maintain bullish structural strength and provide the push for the next leg, which is expected to propel BTC beyond its current all-time high at $124,457. However, a price fall below this level could result in Bitcoin heading to the mean deviation band around $95,394. This would represent a 21.8% decline from present market prices and potentially the start of a bear market. Related Reading: Bitcoin Price To $160k By Early 2026? Analyst Identifies 2 Conditions For Uptrend Bitcoin Realized Price Steady At $54,000 As Market Remains Healthy In other news, Glassnode MVRV pricing bands data reveal that the current BTC realized price is set around $54,348. For context, this metric reflects the average price at which investors last moved their BTC, effectively serving as a psychological support during market corrections. Notably, the current gap between the spot price, around $122,000, and the realized price underscores a healthy bull phase, with most holders sitting on substantial unrealized gains. As long as the realized price continues to rise steadily, it reinforces the underlying strength of the market and signals long-term confidence in an upward trajectory. At press time, Bitcoin is valued at $122,197 following a 0.3% decline in the past day. In tandem, the daily trading volume is down by 55.52% representing a fall in trading activity. Featured image from Pexels, chart from Tradingview

According to the latest on-chain data, Bitcoin has been witnessing an interesting change in its holder behavior, further intensifying the bullish speculation in the market.   Bitcoin UTXO Count Declines As Price Surges In a Quicktake post on CryptoQuant, market analyst CryptoOnchain revealed that long-term Bitcoin investors seem to be changing their investment strategy by increasingly holding on to their coins. This on-chain observation is based on the Bitcoin UTXO Count metric, which tracks the total number of individual unspent transaction outputs on the blockchain. Related Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead For context, an unspent transaction output is an amount of a cryptocurrency (in this case, Bitcoin) that has been received by an address, but has not yet been used as input for a new transaction. CryptoOnchain shared that this on-chain metric has been on a steady decline since January 2025. In the post, the crypto analyst pointed out that the UTXO count recently reached about 166.6 million, the lowest point seen since April 2024.  Since the Bitcoin UTXO reached a peak of approximately 187.5 million in January, it has witnessed a contraction of up to 11% — an event which CryptoOnchain interprets as a clear sign of network consolidation.  Interestingly, this decline seen with unspent transaction output contrasts with Bitcoin’s price action. While the UTXO has maintained a steady bearish structure, Bitcoin’s value has continued to ascend. The flagship cryptocurrency saw a price growth from about $99,000 to its current market price of around $122,000. This “inverse relationship” is one that the online pundit explained to be a “classic hallmark of a maturing market.” Why The Decline And What To Expect A decreased UTXO count could be a result of several underlying factors, including that long-term holders are choosing to hold their coins rather than selling for profit. Owing to this “hodling” behavior, it can be said that the market is starting to gain maturity. Also, CryptoOnchain explained that low UTXOs could indicate reduced transactions within the Blockchain. By extension, this could mean that fewer sales are going on, which translates to reduced selling pressure on price. Also, a lower UTXO count points to increasing network efficiency. As users aggregate smaller UTXOs into larger ones, they optimize the blockchain space, leading potentially to a less congested network. Ultimately, the simultaneous decline in Bitcoin’s UTXO and its price increase paints an exciting picture for the cryptocurrency’s future. This combination signals that the premier cryptocurrency is at a reaccumulation phase, meaning that investors are strategically positioning themselves in expectation of the next significant upward move. As of this writing, the price of BTC stands at about $122,720, showing an over 1% growth in the past day. Related Reading: Bitcoin Faces Key Levels: $125k Resistance Vs $118k Support – Details Featured image from iStock, chart from TradingView

The price of Bitcoin made a dreamy start to the last quarter of the year, beginning the historically bullish month of October with a reclaim of the $120,000 level. After over a month of choppy price action, the world’s largest cryptocurrency seems to be resuming its bullish uptrend. With the price closing in on its all-time high price above $124,000, investors will be looking to see how far and long the premier cryptocurrency can go in the latest leg up. According to an on-chain analyst on social media platform X, the price of BTC could rise as high as $160,000 in the current run. Why A Break Above $128k Is Critical To BTC’s Bull Run In an October 3 post on X, crypto analyst Axel Adler Jr. put forward a $160,000 target for the Bitcoin price at the start of next year. According to the online pundit, the sustained progression of BTC’s price action to this unprecedented high hinges on two primary conditions, or two price levels. Related Reading: Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000 This bullish analysis revolves around the historical price performance of Bitcoin following the halving event. Typically, the halving event is viewed as a catalytic event that triggers long-term price rallies for BTC, as it involves slashing by half the volume of the premier cryptocurrency created at a time. As observed in the chart above, the scenario-based model shows through a trend-based forecast that each halving cycle produces an exponentially higher peak for the Bitcoin price. According to this model, the price of BTC printed a post-halving peak around $57,000 following the 2020 event, beating the previous high of $4,250. Adler Jr. revealed that the Bitcoin price could head for $160,000 after the 2024 halving event, which saw miner rewards fall from 6.25 BTC to 3.125 BTC. However, for this rally to be confirmed, the first condition is that the flagship cryptocurrency will need to break above the $128,000 and hold above this “base” level on multiple weekly closes.  In the second condition, the on-chain analyst shared that Bitcoin’s upward movement toward the $160,000 mark could be at risk of invalidation should the price fall below the $102,000 level. According to Adler Jr., a breakdown beneath this level could lead to a quick scenario reset, potentially changing the target or overall trend for the Bitcoin price. Ultimately, the price action of BTC in the short term is one to look out for, as the market leader looks to reclaim its current all-time high. Moreover, a break above the record-high price could clear the path for Bitcoin to reach the ‘base” level of $128,000. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $122,710, reflecting a 2% jump in the past 24 hours. According to data from CoinGecko, the top cryptocurrency is up by more than 12% in the last seven days. Related Reading: Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026 Featured image from iStock, chart from TradingView

Bitcoin is presently valued in the $122,000 price region following an impressive price surge over the last week. Notably, bullish sentiments around the crypto market leader are presently strong as analysts speculate that another accumulation phase may have commenced. On-chain analytics page, Swissblock has now provided an in-depth analysis of the present market situation, with insights on potential drivers for profits or losses. Related Reading: Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026 BTC Dip To $108,600 A Constructive Reset Earlier this month, Bitcoin registered a sharp decline from $117,000 to $108,600, sparking fears of a deeper correction. Although the market has since recovered, Swissblock explains that several on-chain indicators show the move was less a collapse and more a constructive reset. The notion of a “reset, not capitulation” is key as resets allow markets to flush out excess leverage, absorb weak-handed sellers, and create room for fresh demand. Swissblocks explains that this is exactly what occurred in the $114,000–$118,000 range, where many late buyers from August had been looking for an exit. Their supply was absorbed, clearing a cluster of resistance and unlocking the path to retest all-time highs. Notably, this price drop also highlighted the resilience of Bitcoin’s short-term holder (STH) base. Glassnode data shows the STH cost basis, or the average purchase price for recent buyers, sits at roughly $111,600. This level has now been defended five separate times since May, making it an important pivot point in the present market cycle. Related Reading: Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next Long-Term Behavior Encourages Bullish Shift But Downside Risks Remain At the same time, Swissblock notes that long-term holders (LTHs) have noticeably slowed their rate of distribution. While they continue to sell, the pace is far less intense than in previous months. This cooling of supply pressure allows new participants to accumulate with less resistance. Historically, such phases have marked the transition from distribution to accumulation, creating structural stability and setting up bullish continuation. However, downside risks remain in that a resurgence of heavy selling could tip the balance and reintroduce fragility. However, as long as Bitcoin avoids slipping into a high-risk regime, the outlook favors resilience and upside potential. At the time of writing, Bitcoin trades at $122,052, reflecting a slight 1.47% gain in the last 24 hours. Daily trading activity has also surged by 19.28%, reinforcing the strength and momentum behind the ongoing market rally. With a market cap of $2.43 trillion, Bitcoin continues to rank as the world’s largest cryptocurrency and fifth-largest asset. Featured image from Flickr, chart from Tradingview

From late September, Bitcoin has embarked on an impressive bullish rally to reach price levels around its all-time high of $124,457. However, it remains speculative as to whether the premier cryptocurrency will maintain this early October momentum to put in a new all-time-high price, or experience a major correction into deeper liquidity zones. Related Reading: Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now Bitcoin Key Levels To Watch: Rally’s Challenge Lies At $125k Resistance In an X post on October 3, key opinion leader (KOL) Ted Pillows shared that Bitcoin is once again approaching critical price levels, backed by data showing trader activity. Pillows based this analysis on the Order Book Heatmap metric, which shows the amount or quantity of pending buy and sell orders at specific price levels on different exchanges. The indicator shows horizontal coloured bands at those price levels, with the colors representing clusters of orders resting around those zones. According to the KOL, Bitcoin has a high amount of sell orders packed around the $125,000 price level. Usually, a zone such as this with clusters of sell orders could act as strong resistance for the price. Interestingly, Ted also cited the presence of a significant amount of buy orders to the downside of the price, specifically around $119,500 and $117,500. As is intuitively obvious, these orders could act as solid support if the flagship cryptocurrency were to experience a correction to this level. Related Reading: BNB Cup-And-Handle Breakout Powers Past $1,050, A Move To $1,100 Next? Cautionary Market Outlook For Bitcoin In a separate X post, Pillows also shares more insights concerning Bitcoin’s price action and what to watch out for in a potential downswing. Notably, the analyst expected Bitcoin to see an accumulation around the $120,000 price level before surging to around $124,000, a prediction that has since played out, leading to a minor retracement.  In analyzing the important immediate support levels, the crypto pundit highlighted the 20-day Exponential Moving Average (EMA20), which is currently near $118,447 as a vital threshold. According to Pillows, if Bitcoin holds above this level, the broader trend (which is currently bullish) will most likely be retained. On the other hand, a break below the 30-day Moving Average (MA30), currently around $116,415, may be ominous for the cryptocurrency. The KOL explained that this situation could open the door to “a larger correction toward $112k-$113k,” as more liquidity will be sought after.  Therefore, the market remains in a state of anticipation to see if Bitcoin tests its higher resistance at $125,000 or slips back into lower zones to test its support zones. If Bitcoin were to break out of its current resistance zone, the market could see the continuation of its already impressive upward rally into previously uncharted territory. At the time of writing, Bitcoin is valued at about $122,100, with a fair growth of about 1.6% in the past day. Featured image from Flickr, chart from Tradingview

As the market recovers, Bitcoin (BTC) is kicking off the weekend on a positive note by reclaiming another crucial support level. Some analysts suggest that the cryptocurrency is setting the stage for a new price discovery rally, which could start sooner than expected. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Bitcoin Eyes Third Price Discovery Uptrend On Friday, Bitcoin jumped nearly 3% to hit a two-month high of $123,894. The flagship crypto has seen a massive recovery from last week’s correction, surging 14% from the local lows. Earlier this week, BTC reclaimed the $115,000-$117,000 area, which served as a key support zone during the early Q3 rally, before surging to the crucial $120,000 barrier on Thursday. Amid its bullish performance, analyst Rekt Capital highlighted that Bitcoin was able to secure a daily close above this level, skipping a retest of the recently reclaimed $117,000 mark. He explained that a daily close above $120,000, followed by a successful post-breakout retest, has historically preceded a move to the $123,00 resistance, with a nearly identical daily performance leading to the mid-August all-time high (ATH) of $124,474. Meanwhile, market watcher Ted Pillows noted that if BTC successfully holds the $120,000-$121,000 zone, it will reach highs soon. On the contrary, he warned that losing this area could lead to a retest of the $117,000 as support. Nonetheless, he considers that Bitcoin’s price might not see another massive correction in the short term, as history suggests the cryptocurrency might have bottomed during the late-September pullback. “BTC historically bottoms in September. Since 2016, Bitcoin has bottomed 7 times in September. (…) Historically, this means BTC bottom is most likely in and it won’t go lower than $107K,” he asserted. Analyst Crypto Jelle forecasted that price discovery could resume as early as next week, pointing out that holding the $120,000 level as support over the weekend and closing above it in the weekly timeframe would set a strong base for the long-awaited Q4 rally. Is BTC’s Top A Few Weeks Away? As the flagship cryptocurrency is on the “cusp of entering Price Discovery Uptrend 3,” Rekt Capital also shared a potential timeline for Bitcoin’s cycle top based on its previous post-halving performances. The analyst previously shared his 2025 roadmap for BTC’s rally, suggesting that it could see an extended cycle or potentially enjoy a third Price Discovery Uptrend before the bear market, which would push the cycle peak into deeper stages of 2025. In a video analysis, he suggested that BTC’s top could arrive in the next two weeks to two months. As he explained, Bitcoin peaked around 520 days after the 2016 Halving event, while it topped nearly 550 days after the 2020 event. If it had repeated its 2017 timeline, BTC would have had to peak around September, meaning that the August ATH was the cycle top. The analyst dismissed this possibility, suggesting that a repeat of its 2021 price action was more likely. In this case, BTC would need to peak in the next two weeks. Related Reading: Analyst Forecast Ethereum (ETH) Breakout To $6,900 As Price Retests Crucial Resistance However, Rekt Capital laid a third scenario in which Bitcoin tops around mid-November. This timeline would follow the theory that the cycle peak timeline is increasing by 30 days at a time, signaling that this cycle’s peak would happen around the 580-day mark post-halving. “If we are looking at the four-year cycle, the most important thing is to just wrap everything up in candle one. That’s historically what’s been the case,” he explained. “So, at least two weeks and maybe still a month and a half to a maximum of two months. But beyond that, I don’t think we’ll be lengthening.” Featured Image from Unsplash.com, Chart from TradingView.com

On-chain data shows the Bitcoin short-term holders have just made large deposits to exchanges, a potential sign profit-taking is underway. Bitcoin Short-Term Holder Exchange Inflows Have Shot Up In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the deposits being made by Bitcoin short-term holders to centralized exchanges. The “short-term holders” (STHs) refer to the BTC investors who purchased their coins within the past 155 days. The STHs make up for one of the two main divisions of the network done on the basis of holding time, with the other side being known as the “long-term holders” (LTHs). Related Reading: Dogecoin’s Big Breakout Incoming? Analyst Calls To “Stay Alert” Historically, the former cohort has proven to include the weak hands of the market who panic sell whenever volatility emerges in the asset, while the latter is made up of the blockchain’s diamond hands. Bitcoin has witnessed a sharp rally over the past week that has taken it past the $122,000 level. Considering the nature of the STHs, it would be expected that they would be looking to take some profits. For LTHs, tracking selling can be simple because as soon as a member of the cohort breaks their dormancy, their coins exit the cohort and enter the STHs, as their age counter resets back to zero. It’s not quite as easy in the case of the STHs, however, as the group’s coins are constantly in motion within its members. One way to gauge STH selling is through their transactions to exchanges. Generally, one of the main reasons why investors use these centralized platforms is for trading-related purposes, so deposits to them can be an indication that there is demand for selling the cryptocurrency. Below is the chart shared by Maartunn that shows the trend in the exchange inflows coming from the Bitcoin STHs. As is visible in the graph, the Bitcoin STH deposits to exchanges have shot up alongside the latest price rally. The inflows that have spiked have specifically been the profit ones, with there being no loss deposits at all. Thus, it seems the buyers who got in during the price all-time high (ATH) are choosing to hold through this run. In total, the STHs have transferred 46,276 BTC over a 24-hour span during the latest run. At the current exchange rate, this is equivalent to a whopping $5.7 billion. The analyst notes that this is one of the largest spikes that the indicator has seen recently. Related Reading: Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next It now remains to be seen whether enough demand will appear to absorb this selling pressure, or if the profit-taking will provide impedance to the Bitcoin rally. BTC Price At the time of writing, Bitcoin is floating around $122,700, up more than 11% over the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

As the Bitcoin price approaches record highs, recently surpassing the $121,000 mark, analysts are increasingly optimistic about the cryptocurrency’s trajectory for October, often termed “Uptober.” According to the analysis team at The Bull Theory, there’s a possibility that the Bitcoin price could reach as much as $143,000, meaning a potential surge of nearly 20% for the rest of the month. Bitcoin Price Poised For October Rally Such projections may seem ambitious, but historical data supports the notion that October has consistently been one of Bitcoin’s strongest months. Over the past 12 years, BTC has closed in the green during October in 10 of those years, and the correlation between strong performances in September and October is noteworthy.  Following a positive September—where the Bitcoin price recently posted a gain of 3.91%—the stage appears set for another fruitful October. Bitcoin has an impressive October win rate of 83%, having only recorded losses in the month twice since 2011.  Related Reading: Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000 In 2014, the cryptocurrency fell by 12.95%, and in 2018, it dropped by 3.83%. This remarkable track record highlights October as one of the most profitable months for Bitcoin holders, with an average return of 20.62%.  The pattern remains consistent: every time September has closed positively, October has followed suit. Historical data from previous years shows that a green September often leads to substantial gains in October.  For instance, in 2015, the Bitcoin price rose by 33.49% after a September increase of 2.35%. Similarly, in 2023, a 3.91% gain in September translated to a substantial 28.52% increase in October. Could BTC Reach $150,000? The bullish sentiment doesn’t end there. In four out of four instances where both September and October closed positively, November also maintained the upward trend. The data showcases consistent gains: in 2015, November saw a 19.27% increase following a strong October. If Bitcoin were to replicate its historical average return of 20.62% this October, a price point around $143,539 could be on the horizon. Even if it aligns with the median return of 14.71%, investors could see new records reaching just above $136,000. Related Reading: Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026 Market expert Michael van de Poppe has also chimed in on the bullish outlook for the Bitcoin price. He noted several strong technical indicators, including BTC’s ability to hold the 20-week moving average as support, breaking through a downtrend at $112,000, and positioning for the highest weekly close in its history.  Recent performance has seen a robust 11% weekly candle, further fueling optimism. Additionally, with gold experiencing a significant run, the expert suggests that the Bitcoin price appears poised to catch up.  Van de Poppe has expressed confidence that, if current trends continue, the market’s leading cryptocurrency could not only hit $150,000 this quarter but also achieve a new all-time high within the month. When writing, BTC trades at approximately $121,669, only 2% below all-time high levels above $124,000. Featured image from DALL-E, chart from TradingView.com 

The vision of Bitcoin absorbing the world’s entire capital float is a compelling narrative, yet it runs headlong into a significant technical constraint. Bitcoin will not realize this massive potential unless mechanisms are created to move and utilize capital directly on its network.  Why Bitcoin Can’t Absorb Global Wealth Overnight Analyst BRITISH HODL presents a powerful thesis on BTC’s role, arguing that its impact extends far beyond its own valuation, fundamentally changing how global capital is allocated. In an X post, BRITISH HODL stated that while BTC aims to absorb global capital, this is conditional, and BTC will not capture all of the capital flow on earth unless it is redirected onto the BTC network. Related Reading: No Accident: The Powerful Factors Behind Bitcoin’s Late-September Rally However, as BTC becomes more widely understood, capital will become extremely sensitive, and only the highest quality equities will attract capital. This is simply an existing, long-term trend, evidenced by the dominance of a select few, such as the Magnificent Seven (Mag7) stocks in traditional markets over the last 30 years.  Bitcoin intensifies this trend because it provides a highly accessible and transparent standard for risk-free returns. As the risk hurdle rate increases, investors are no longer satisfied with marginal gains from poor-quality assets. The consequence of this will be a significant market cleaning and a lot of concentrated value-creating innovation as companies are forced to deliver exceptional performance to earn capital. Meanwhile, there will be a very fast turnover of terrible companies as BTC’s value proposition becomes increasingly understood by investors. BRITISH HODL makes it clear that in a BTC-dominant era, you must outperform BTC on a risk-adjusted basis to capture any capital. The Growing View Of Bitcoin As An Alternative Money Billionaire investor Ray Dalio, founder of Bridgewater Associates, maintains a balanced yet skeptical view of Bitcoin, acknowledging its growing influence while pointing out fundamental flaws that will prevent its ultimate adoption by nation-states. Related Reading: Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments Dalio starts by stating that while he can’t say exactly how effective BTC is as a money, the fact that it’s being perceived by many as an alternative money is worth paying attention to. He frames the utility of any currency as both a medium of exchange and a store of wealth, emphasizing that the latter is more important. Despite its revolutionary technology, Dalio highly doubts that any central bank will take it on as a reserve currency. However, since all of the transactions are public, there is no privacy, which is unacceptable for sovereign entities managing vast financial operations. As a result of the risk in the future, the code could be broken to make it less effective through government controls. The expert confirms that he does have some BTC in his portfolio, though not a significant amount. Featured image from Pixabay, chart from Tradingview.com