MAGA KursPEOPLE

RT @blackwidowbtc: @LTCABUNDANCE The finale yes its usually popping every day for the last few weeks of a cycle But I dont want people hol…

Bitcoin (BTC) is currently in a period of consolidation, with its price stalling below a critical resistance level after two failed breakout attempts. While this sideways movement might seem concerning, a closer look at on-chain data reveals powerful bullish signals that suggest a significant price rally may be on the horizon. This divergence between price action and underlying network fundamentals indicates a mounting pressure for an explosive upward move. The Price Stall: A Test of Resistance Bitcoin has been struggling to decisively break above the $115,892 resistance level. This price stall is a direct result of two unsuccessful attempts to push higher, suggesting that sell-side pressure is currently dominating at this price point. However, this period of consolidation could be a necessary phase to build a stronger foundation before the next leg up. The On-Chain Bullish Signals Despite the flat price action, two key on-chain metrics are flashing strong bullish signals: Growing Network Adoption: The number of Bitcoin wallets holding a non-zero balance has reached a year-to-date high of 54.37 million. This statistic is a direct indicator of rising network participation and broad adoption. A growing number of individual holders suggests that more people are buying and holding Bitcoin, providing a solid foundation of support for the price. Widespread Profitability: A staggering 93.6% of Bitcoin's circulating supply is currently in a state of profit. Historically, such high levels of profitability have preceded strong bullish phases. This trend indicates that a vast majority of the market is in a position of strength, which can often fuel a new wave of buy-side momentum as investors become more confident and less likely to sell. Price Outlook: A Breakout Is Imminent The combination of the price stall and these strong on-chain signals sets the stage for a major price movement. The Bullish Scenario: If Bitcoin can decisively break through the $115,892 resistance, the path could open up for a significant rally. Potential price targets are identified at $119,367 and even as high as $122,190, driven by increasing buy-side pressure. The Bearish Scenario: Conversely, if sellers regain dominance, the sideways trend could continue. A breakdown below the key support level of $111,961 would signal a potential price correction and a shift in momentum. 📌 Conclusion: A Resilient Foundation Bitcoin's recent price stall is a deceptive cover for a market that is fundamentally growing stronger. The record number of non-zero wallets and the high percentage of supply in profit point to a robust, bullish foundation being built beneath the surface. While the short-term resistance is a hurdle, the long-term outlook remains highly optimistic. The next major move for Bitcoin will likely be dictated by which force—the immediate sell-side pressure or the powerful underlying on-chain accumulation—ultimately prevails. 🔐 Disclaimer This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.

AVNT is doing $44M in daily volume on Base and you’ve got people saying on-chain volume is dead.

RT @DrewPavlou: People in the West hear that Singapore is multicultural so they assume that means Singapore conforms to like Zohran Mamdani…