Main takeout:
Profit Bitcoin supply has risen to more than 85%, closer to classic happiness.
Onchain data shows the powerful accumulation of new and momentum buyers who have gained minimal profits.
Bitcoin can meet from $ 110,000 to $ 115,000, which helps in the “Maximum Purchase” area.
BITCOIN (BTC) is a new all -time high, nearly $ 115,000, due to the strong momentum and the classic setting of market happiness.
Nearly 87%of Bitcoin’s supply gained profits
As of April 28, about 86.9%of all Bitcoin coins gained profits, according to the heated data resource encryption.
Historically, Metric’s climbing in the 85-90% range suggested a shift from healthy optimism to speculative happiness among traders.
For example, the price of Bitcoin has risen from $ 80,000 to $ 100,000 between October and December 2024, which is consistent with Bitcoin’s profitable supply rose from less than 80% to 99%.
In the post on April 28, DarkFrost, a crypto -based analyst, reminded us that the happiness stage of Bitcoin may not last for a longer period of time, and that the holder can lead to a rapid modification as the holder begins to realize the profit.
The price of the BTC set a record of nearly $ 110,000 in January and a profitable supply was 99%. But cryptocurrency has fallen more than 30% since then. As you can see from the above, prices have been modified in the past as you can see from the above.
DarkFrost said, “The current supply of profits has risen to more than 85%, which is quite positive.
In addition, the BTC supply of profits remains less than 90%. More than 90%of the history has been preceded than the act of benefits among traders, which suggests that there is more room for growth for the BTC price.
Darkfrost claims:
“Of course, other levels are more” comfortable “than other levels, but generally the increase in profit tends to promote optimistic stages.”
Additional onchain data also supports the strong prospects. According to the GlassNode Metric Trace, which tracks the cumulative supply of BTC, Bitcoin’s first buyer and momentum buyers are actively accumulated, while profits maintain a relatively quiet state.
This means that in the above analysis, new demand is coming in without much sales, which is a key element to keep the rally strongly as expected.
Bitcoin “Maximum Purchase” area is a hint of $ 115,000
At the end of April, Bitcoin strongly popped out of $ 89,000 to $ 90,000, the main level of previous price measures.
According to Cryptocaesarta, this area now acts as a “maximum purchase” area where buyers actively step in to limit the flaws of Bitcoin.
Under it, the $ 70,000 to $ 72,000 area still remains untested and is closely consistent with the long -term rise. If Bitcoin faces a deeper fullback, this area can serve as an important assistant support.
Currently, Bitcoin’s elasticity is more than $ 90,000, which tightly controls the bull.
relevant: 5 Bitcoin charts predicting BTC price rally by May
According to Cryptocaesarta, more than $ 100,000 psychological barriers can open a way for a new all-time high for $ 110,000-115,000. The upward goal is matched with the oldest resistance and the so -called “weak” area in the weekly chart above.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.