Recent analyses indicate that Bitcoin has entered the final and most dynamic phase of a robust bullish cycle. Following a strong rally over the past two months, Bitcoin has consolidated just below the psychologically and technically significant resistance level of $112,000. A decisive breakout above this threshold could signal the onset of a major upward surge. Market momentum remains firmly bullish, with structural indicators suggesting the likelihood of a sharp price movement.
On-chain metrics reveal that since reclaiming the $97,000 level, both short-term and long-term holders have seen an increase in their average realized prices. This trend reflects renewed confidence within the market and healthy accumulation patterns. Investors appear to be favoring holding over selling, positioning themselves for potential gains ahead. Amidst diminished volatility and ongoing global economic uncertainties, Bitcoin is increasingly being perceived as a hard asset.
Currently trading around $108,910 and consolidating near its recent peak of $112,000, Bitcoin has maintained critical support levels despite minor short-term pullbacks. The repeated testing of resistance around $109,300 underscores the market’s readiness for a potential bullish breakout. Conversely, the support level near $103,600 remains pivotal for preserving the prevailing upward trend.
Overall, the rising realized prices among holders, robust support zones, and growing market confidence collectively point toward the imminent emergence of a strong bull market. Should Bitcoin successfully breach the $112,000 ceiling, it could mark the beginning of the final phase of the bull cycle and exert a significant influence across the broader cryptocurrency landscape.
For a detailed discussion, please refer to the full article at: https://bitcoinist.com/bitcoin-short-and-long-term-holder-realized-prices-climb-sign-of-a-healthy-bull-market/
