Bitcoin bull market continues as the realization of the cap pulse is firmly fixed at a critical level
Taking into account the continued weaknesses of the broader market Bitcoin As flagship assets are still limited to the price range, a decline in price action is seen. Despite recent performance prevalence, the latest progress in the achieved CAP IMPULSE indicator reflects a continued strong bull market phase.
Achieved hat impulse confirms Bitcoin bull market
Bitcoin’s bearish price action may indicate a weak bull market, but the realized CAP IMPULSE indicator tells different stories about the market. at present, Key indicators Given the decline in price movements, the bull market remains strong from a chain perspective.
Alphractal is a high-level investment and on-chain data platform. Report Continuous progress in Bitcoin achieves the upper limit impulse measurement. The stable performance of this indicator indicates that there is still room for growth in the current cycle. Data from the Chain Platform suggests that the metric is at a critical level that is seen as the ultimate support base.
Specifically, the elasticity observed in this metric (the total cost basis for monitoring the Bitcoin network) suggests that holders remain confident despite the continued price volatility. In addition, indicators within the extended time frame provide the supply and Demand dynamics.
As long as it stays above these key levels, it means strong demand, which in turn supports brief price movements Long-term prospects. As demand is built, development can provide a foundation for subsequent legs even if the price shakes.
According to the letters, The upper limit of implementation Impulsiveness is expected to continue to increase in the next few months, especially until October. However, the platform believes that this could be the final big move ahead of the protracted bearish cycle that could last about a year and end in late 2026.
Correction of BTC is healthy
In X postal BTC, shared by Crypto analysts, may see a sharp drop before going through a major rally, which is the most critical level of support. Analysts point out that the key levels of Bitcoin converge around $95,000, and if these levels have been merged, it indicates a reliable support at that level.
While it is possible for BTC to remeasure the $95,000 score, Chain Academy believes it would be quite healthy and normal to lower it to this level in an ongoing bull market. As a result, analysts argue that BTC will recover from the decline, Rally to $125,000 Milestones in the short term.
At the time of writing, Bitcoin is trading at $105,427, indicating a 0.21% increase in the past 24 hours. Trading volumes have dropped by more than 8% over the past day, indicating a slight increase through growing bearish sentiment.
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