Bitcoin STH still holds Depite New ATH – analysts expect profit of $126,000

0 0 3 minutes read

Bitcoin STH still holds Depite New ATH – analysts expect profit of 6,000

Trusted editorial Content, reviewed by leading industry experts and experienced editors. Advertising disclosure

Bitcoin has officially entered the unknown territory, surpassing its all-time high, reaching an impressive $111,888 earlier today. This marked the beginning of a new phase of price discovery and sparked excitement across the market. Even though the bulls remained firmly in control, the mood was far from joy. Many analysts urged caution, and as the market digests this breakthrough, it is expected to be reviewed.

Top analyst Axel Adler shared timely insights, stressing that the sustainability of the rally depends on the behavior of short-term holders (STH) and ETF speculators. According to Adler, the current STH MVRV (market value with realized value) has not yet exceeded the “green” threshold of a standard deviation (+1 STDV), which is the level associated with “super rally”.

As of now, the data shows that there is still room for further upward. However, the appetite risks of STH and ETF participants may determine whether Bitcoin continues to climb or pause for corrections. With cautious but optimistic market sentiment, everyone is focused on whether this breakthrough can be transformed into a sustained high Motorom Bull stage.

Bitcoin STH risk appetite and ETF traffic may determine the next step

Despite rising macroeconomic uncertainty, Bitcoin shows significant strength as it gets higher and higher. Yesterday, U.S. stocks fell sharply and Curry’s yield surged, indicating higher financial conditions. Instead, however, BTC continues to climb, reaffirming its growing role as a hedge against traditional market volatility. Still, over $115,000 levels are crucial. Without a breakthrough, Bitcoin risked losing momentum and facing significant corrections.

Adler stressed that the rally depends on the risk appetite of short-term holders (STH) and ETF-driven speculators. According to Adler, the current STH MVRV (market value that realizes value) has not yet exceeded the “green” threshold of a standard deviation (+1 STDV). Historically, this level marked the beginning of a “super rally”, at which time prices accelerated rapidly until STH holders began to make profits.

Bitcoin STH MVRV 155 Days Range | Source: Axel Adler on X

During previous rally in this cycle, Bitcoin soared an average of 46% of the +1 STDV line. According to today’s data, this would predict the potential height to be close to $154,000. However, Adler warns that the current late-stage environment can curb gain. He expects to sell for about $126,000, especially from ETF buyers to sell for about $84,000.

While STH holders may be willing to take advantage of higher prices, ETF speculators may be the pressure point. Their exports could trigger the next correction, strengthening demand for strong purchases to maintain breakthroughs. As Bitcoin sails on new highs, market behavior may depend on the responses of the two groups to an increasing number of returns.

Technical details: BTC enters price discovery

Bitcoin has officially entered the price discovery above previous all-time highs, reaching $111,888 earlier today. The chart shows that the strong bullish structure of the structure has been supported since breaking through the breakout above $100,000 in early May. The momentum has been consistent, with BTC holding much higher than its 200-day simple moving average (SMA) at $93,413 and the 200-day exponential moving average (EMA) at $89,106, now a strong macro support.

BTC breaks into above Ath | Source: BTCUSDT chart in transactions

After cleaning up the $103,600 resistance zone, Bitcoin continued to climb with minimal recovery, indicating strong buying interest and low-priced supply. The lack of primary resistance in this new range will increase the possibility of further rise. However, overheating or spikes in funding rates based on RSI may soon be a short-term obstacle.

Despite the bullish momentum, it is important to pay attention to any bearish divergence or signs of exhaustion, near the psychological $115,000 level. A large distance above this marker may extend the assembly to the $120,000 to $130,000 range. On the downside, the $103,600 and $100,000 levels are now crucial support areas. If the bull can maintain this structure and the volume is still favorable, the breakthrough may lead to a persistent leg during this cycle.

Featured images from DALL-E, charts from TradingView

Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.