Bitcoin’s price that is lying below $ 120k but analysts said the BTC was not finished
Key Takeaways:
Bitcoin (Btc) remains to be lowered $ 120,000 after reaching a fresh all time high near $ 123,000 last week. As BTC price integration, many market analysts are convinced that The cycle is not finished.
Here are the reasons why analysts think that the The Bitcoin Bull Market has not yet sink.
Bitcoin foundations remain strong
Analytics firm bitcoin vector Says Even though Bitcoin’s momentum slowed down, many onchain metrics suggest that bitcoin’s rotation has not been completed.
“Momentum is cooled, but the structure and foundation remain stable,” the firm Says In a post on Tuesday at X, adding:
“It’s not a top. It’s a coiled setup with support beneath it.”
Related: Bitcoin’s new assessment says ‘most explosive stage’ up to $ 140k is close
The Bitcoin Fundamental Index (BFI) remains strong, reflecting the increase in network growth and liquidity, as shown in the chart below.
In the price of the BTC compressed, “the foundations stop, not weaken,” the bitcoin vector explained, adding:
“This is the price that needs to be reached.”
In the short term, consumers can wait for the breakout confirmation as Bitcoin performs the “structure anchor” for the entire crypto market, Says Private wealth manager Swissblock.
Bitcoin holds the structure.
→ Danger contains. The grounds support.
→ But the momentum is soft. The bulls are careful.
→ Rotation is active. BTC remains in the base layer.
→ Alts bring the reverse torque.It’s not a top – it’s a move.
– Swissblock (@swissblock__) July 22, 2025
Meanwhile, the BTC price is “holding a bullish structure” despite the integration of a tight range between $ 116,500 and $ 120,000 since July 15. added:
“No breakdown. No breakout. Just waiting for a fire. When the momentum is in line, the breakout continues.”
The on-chain scale suggests “room for expansion”
Looking at the basis of Bitcoin’s short-term holder (STH), Swissblock Says That sths are still active and not tired.
The basis of STH cost determines the average purchase price of investors that will hold Bitcoin for less than 155 days.
The price touched the “heated” band of this scale on July 14, when it struck Current high timeBut did not enter the extremely hot zone.
If it rises to retest the upper band – corresponding to two common deviations above the realized price – it can Press fresh all-time highs at $ 138,000.
“Getting revenue is there, but the STH risk zone at $ 138k has not reached,” Swissblock said, and added:
“It suggests that there is a room for expansion before we see any panic seller or euphoria.”
30 Bitcoin Price Top indicators saying that “hold 100%”
Bitcoin may combine under all times high, but coinglass’ bull market signals also do not show signs of over heating.
Bull Peak signals refer to the choice of 30 potential sale of triggers and aim to catch long-term BTC price tops. Currently, none of the indicators are flash in a leading signal.
“0 of the 30 leading signals have been triggered by coinglass’s Bitcoin Bull Market Peak Dashboard,” Cryptosrus’s famous analyst write To an x post on Monday.
Cryptosrus, in particular, highlighted four long-term indicators-PI cycle tops, market value to realized value (MVRV), relative strength index (RSI) and risk reserves – to show that the Bitcoin Bull market has plenty of room to higher.
“History, the more boxes that this list reviews, we’re closer to a blow-off top. For now? Green lights.”
According to coinglass, Bitcoin is currently categorized as a “hold 100%” possession based on clues taken from the top 30 indicators.
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 doing a decim redswcfhvsion.
