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BTC Price Pauses- What’s Next for BTC Price?
BTC Price Pauses– Bitcoin (BTC) is currently in a delicate balance after its recent surge to new all-time highs. According to on-chain analytics firm Glassnode, the market is experiencing a cooling-off period, signaling that fresh gains may not arrive immediately.
What’s Behind Bitcoin’s Current Pause?
After hitting highs near $123,000, Bitcoin’s price is consolidating, reflecting investor caution. Glassnode highlights that while most holders remain profitable, profitability metrics are showing signs of weakening. The percentage of BTC supply in profit and unrealized gains has dipped slightly but still remains elevated.
A key indicator, the Realized Profit-to-Loss Ratio, has dropped from 3.9 to 2.6—still favoring profits over losses but indicating momentum is slowing down. This doesn’t mean bears are taking control; rather, it suggests Bitcoin is “coiling” and building a strong support base for its next move.
Could Bitcoin Test $115,000 Again?
Liquidity data from exchange order books points to $115,000 as a critical support zone. Traders like Daan Crypto Trades note that this price level is becoming a focal point where buy and sell positions accumulate, setting the stage for the next major price move.
What’s Next for BTC?
Glassnode warns the market faces a “healthy yet fragile” scenario. Seller exhaustion might pave the way for another leg up, but if profitability continues to weaken, Bitcoin could enter a prolonged consolidation phase, allowing the market to reset and sentiment to normalize.
For traders and investors, closely watching these levels and on-chain signals is crucial to navigate the coming weeks effectively.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
