Bitcoin has experienced significant price fluctuations in the last 24 hours, temporarily surpassing the $100,000 mark before retreating. The sudden drop reflects ongoing market uncertainty, with traders responding to short-term volatility.
However, long-term stability appears to be in shape, and is primarily supported by mature investors who hold their positions.
Bitcoin takes a different approach
Bitcoin’s recent all-time high (ATH) is at 23%, so the RHODL ratio is 23%. While new demand remains important in this cycle, the wealth held in coins older than three months is much lower than in previous cycles. This suggests that new demand inflows occur in bursts rather than sustained patterns.
Unlike previous market cycles that normally ended one year after the first ATH break, the current cycle took an atypical trajectory. Bitcoin first reached a new ATH in March 2024, but demand is still not in line with the levels seen at past gatherings. This deviation raises questions about how the rest of the cycle unfolds.
In this cycle, the volatility achieved in the three-month rolling window remains below 50%. In contrast, past bull runs had volatility levels above 80% to 100%. This reduction in volatility suggests that Bitcoin’s price action is more structured and that mature investors contribute to a more stable market environment.
The 2023-25 cycle followed the stair step pattern, followed by a consolidation period following a rise in price. Unlike previous cycles characterized by extreme swings, Bitcoin’s current trajectory shows signs of a gradual price increase. This trend supports a more controlled bull market and reduces the risk of extreme crashes.
BTC Price Forecast: Holds Beyond Important Support
Bitcoin’s long-term outlook remains uncertain due to rising short-term volatility, but immediate forecasts suggest vulnerability to fixes. Cryptocurrencies are trading near major support levels and could decline even further.
If Bitcoin loses its support level of $95,869, it could drop to $93,625. BTC holders refrain from making significant profits, but further losses can cause a wave of sales. This scenario places additional pressure on prices and extends the Bitcoin modification.
Meanwhile, by bounces from $95,869, Bitcoin can regain the $100,000 level. Successfully infringing this psychological barrier could negate the bearish outlook and set the stage for new uptrends.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.