After rejection At the level of $ 120,000, Bitcoin (BTC) began to show signs of cooling – it is likely to determine the way for another equipment in the second half of the year. Some analysts now expect that the next BTC summit can approach $ 150,000.
The current temperature phase of short -lived bitcoin
According to A Cryptoquant Quickttake Post by Crypto Dan, Bitcoin currently enters a cooling period after the short -term temperature phase. Warning signs are more clear in the BTC group that was held for one to one week.
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Crypto Dan shared the next chart that shows that this short -term holding group now records lower nails in a row, indicating that the feverish market conditions are abandoned.
The analyst compared the current environment to the previous stages of the previous heating that were seen from October to October 2024 and January 2025. In both cases, the temperature continued to rise longer and was more intense (as shown in the red boxes).
On the other hand, the conditions of the current temperature rise (as shown in the yellow box) show a shorter period and period compared to the above cases. The analyst added:
Also, since the last increase in prices was relatively modest, we may see a more moderate and shorter correction in the short term. However, it is important to remain patient and look forward to the potential upward trend in the second half of 2025.
The increase in the price of BTC during the last rally increased digital assets from about $ 108,000 on July 1 to the highest new level (ATH) at a value of $ 123128 on July 13, before settling about $ 117,500 at the time of writing this report.
Is BTC preparing for its next big movement?
As Bitcoin is integrated, many analysts suggest that the upper cryptocurrency may prepare for a big step – it is likely to be the upward trend. Titan of Crypto’s veteran encryption analyst has noticed that Bitcoin is currently “in pressure cook.”
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Titan of Crypto shared the next scheme, with highlighting that Bollinger scannings are tightened while shrinking fluctuation. At the same time, the RSI is a pressure – often an introduction to Go out.
An analyst Ali Martinez’s colleague added that the next BTC summit could reach 149,679 dollars, based on the scale of the devastating GPA value (CVD). As for the context, it measures the measure of cardiovascular diseases whether buyers or sellers dominate the trading volume over time.
However, some warning signs remain. Recently, Bitcoin exchange reserves have reached One month’s heightThis indicates that some of their holders may prepare for sale – they are likely to be pressure on the current upward trend. At the time of the press, BTC is trading at $ 117,546, a decrease of 0.4 % in the past 24 hours.
Distinctive image from Unsplash, charts from Cryptoquant, X, and TradingView.com
