Bitcoin News
By Pankaj K
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Selling Pressure Eases as Key Metrics Signal Recovery. The MVRV Z-Score, which compares Bitcoin’s market value to its realized value, has rebounded from 1.
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Long-Term and Short-Term Holders Steadying the Market. The slowdown in both long- and short-term sales highlights a critical development: Bitcoin’s major…
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Technical Indicators Support Potential Upside. Additional confirmation comes from the Relative Strength Index (RSI), which measures the speed and…
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Market Outlook and Key Takeaways. While short-term sellers have successfully capped Bitcoin’s recent rally, key metrics indicate…
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Bitcoin (BTC) has recently faced downward pressure, slipping over 1% in the past 24 hours and trading near $108,200.
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Market analysts are noting that while BTC faces temporary hurdles, broader signals point to a healthy consolidation rather than a full-scale pullback.
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Such patterns indicate that long-term holders are not capitulating during the dip. Instead, they are holding onto their positions, creating a stabilizing effect on the market.
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The Spent Coins Age Band metric further supports this outlook. Coins held for 365 days to 2 years fell from 25,263 to just 103 units, a 99.6% drop over the past week.
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The market behavior is further confirmed by technical indicators. BTC continues to trade within a falling wedge on the 12-hour chart—a formation historically known for bullish…
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Analysts note that if Bitcoin can break above $111,500—the upper boundary of the falling wedge—it could trigger a short-term rally to $114,000.
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Investors should monitor the $111,500 resistance level closely. Breaking above this threshold could confirm a short-term breakout and mark the start of a renewed bullish phase.
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Overall, Bitcoin’s recent trading behavior reflects a market in transition, with selling exhaustion giving way to potential upward momentum.
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