Key Takeaways:
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Bitcoin hit a $ 122,000 all-time high on July 14, but onchain data does not show signs of over heating, suggesting greater potential growth in 2025.
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BTC price resistance to $ 124,000- $ 136,000 remains a major barrier today.
Bitcoin (Btc) Analysts say the BTC market has not warmed up despite the new all-time highs of nearly $ 123,000 earlier this week.
Data from Cointelegraph Markets Pro and Tradingview It has been shown that Bitcoin price action has established a new range in lower timeframes, and market observers have key levels of support in their views.
The Bitcoin market has not been hot
For cryptoquant analyst Axel Adler Jr., Bitcoin has not yet reached its peak.
The analyst shared A chart that shows the absence of a climax signal, which usually appears in the main top tops.
The Bitcoin peak signal is a scale that indicates that the market is extremely heat and a correction becomes likely.
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It appears when “the combined Normalized Market to carry out the price index and 30 days/ 365 days of the day’s day that destroys the ratio ratio or exceeds 1,” explained Adler JR, and added:
“The climax signal will only appear on the main top tops, and it has not been shown at this time, suggesting that we are not in a climax.”
Similarly, Bitcoin realized that Cap-Utxo age bands, a scale showing the distribution of the realized cover of a specified age cohort, also suggests that the BTC “does not reach a super-hot state,” according to the cryptoquant Dan cryptoquant Dan.
In March 2024 and December 2024, when Bitcoin was at the peak, the percentage of the realized cover held by 1-day to 1-week UTXO age group as high as 14%. This percentage is currently around 5% despite recent high-time bitcoin hours.
In a review on Wednesday, the Crypto Dan write:
“Despite rising prices even higher, the fact that over heating has significantly decreased compared to previous short-term peaks suggests that Bitcoin can continue to break all the time high and rise significantly in the second half of 2025, leaving strong potential for growth.”
Cointelegraph din reported The MVRV Z-Score of Bitcoin remains well below the peak levels of history, the BTC price sign can climb further.
Onchain data has announced major levels of bitcoin prices to watch
Looking at the basis of Bitcoin’s short-term holder (STH), the basis of cryptoquant analyst crazzyblockk Outline The basic levels that traders should focus on.
This observation is derived from the realized Bitcoin price model. It uses the average purchase prices of STHs, including their usual deviations, to see the important places where consumers are active and prices tend to move.
Upside down, the first major resistance is sitting for $ 124,000, representing the average cost of the STH’s cost that pushed a standard deviation higher.
“Historically, this band often coincides with earnings and local tops,” Crazzyblockk explained.
The upper resistance is at $ 136,000; The average cost of the cost of investors to hold BTC for less than 30 days has pushed a standard deviation higher. This is the “most aggressive cohort,” the analyst said, added:
“When the BTC is pushing this area, the market is usually in extremely skeptical conditions that have a great deal of income for new buyers.”
On the downside, entrepreneurs should guard the $ 113,000 – which corresponds to the 0.5 standard deviation above the realized STH price; $ 111,000 – the average cost of the cost of investors who got BTC in the last month; At $ 101,000, Baseline Sth realized the price.
The $ 101,000 is the “most critical support for the medium-term bullish structure of Bitcoin,” the analyst said.
“Historically, staying above this zone indicates evidence of evidence and continuation of the trend.”
The value of the market realized (MVRV) metric, showing whether the possession is overly appreciated or measured, suggests that the BTC price still has more room for further expansion Prior to the extreme level around $ 124,000, which marked a major resistance point.
On the downside, a major area of interest is sitting between $ 113,700 and $ 115,300, a zone aligned with 200-day EMA, which offers dynamic support. The next important level below $ 107,500, the +0.5 STD MVRV band.
As cointelegraph reportedBitcoin should get the $ 119,250- $ 120,700 zone to resume bullish momentum and goals for new highs of over $ 123,000.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
