Bitcoin’s Rollercoaster: Will It Soar or Crash? 🎢💰

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Ah, the illustrious Bitcoin! Just last Wednesday, it flirted with the tantalizing $110,000 mark, only to retreat like a shy suitor to the $104,000 support level. This sharp decline has sent shivers down the spines of many, igniting a bearish sentiment that could rival a gloomy Russian winter. Yet, amidst this tempest, the broader market sentiment remains as bullish as a cow in a field of daisies. 🐄🌼

BTC Bullish Market Outlook Still Intact

Bitcoin, that fickle friend, has once again graced the $104,000 price level, as bearish pressure mounts like an overcooked soufflé. Despite the recent volatility that could make even the most stoic investor sweat, BTC clings to a critical price level, one that whispers sweet nothings of bullish momentum.

This key level, dear reader, is none other than the short-term holders’ realized price, currently lounging in the $98,300 range. This level, watched more closely than a hawk eyeing its prey, has historically supported upward trends, even when the macroeconomic winds howl with uncertainty.

According to the wise sages at Alphractal, the $98,300 mark is “the last level keeping investors in profit.” As long as our beloved Bitcoin remains above this critical threshold, the on-chain platform assures us that the bull market is far from over. 🐂💪

Such optimism suggests that Bitcoin is still stable, exhibiting minimal volatility, and has more room to grow—like a well-fed cat. However, should Bitcoin’s price plunge below the $98,000 mark, we might witness a more significant decline, akin to a tragic play where the hero meets a grim fate.

Thus far, Alphractal has wisely advised placing a stop loss just below $98,000. After all, BTC’s position above this level hints at a sustained bull market, implying that investors view the current decline not as the beginning of a downturn, but rather as a healthy consolidation phase—like a good book that takes its time to build suspense. 📚

Selling Pressure From Bitcoin Short-Term Holders Is Diminishing

This sentiment is echoed in the Bitcoin Buy/Sell Pressure Delta, a key metric that reveals whether buying or selling activity is currently dominating the market. After a thorough examination, Alphractal has highlighted a positive development among short-term investors, who seem to be less panicked than a cat in a room full of rocking chairs.

In a report shared on X, the on-chain platform revealed that selling pressure on BTC from short-term holders has reached an oversold region. Alphractal claims this trend typically signals a pause in the ongoing decline of BTC’s price, while the oversold condition offers a new buying opportunity for traders anticipating a possible rebound from present price levels.

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2025-06-18 23:20