Bitcoin STH Yoy realizes the price well below the high of 2021 – growth room?

Bitcoin has been in a tightening range since last week, between $92,000 and $96,000, frustrating both the bulls and bears as it is a compression of volatility. This narrow trading band is unlikely to last longer – once Bitcoin breaks through the series, analysts expect sharp and positive moves in both directions. For the Bulls, a surge in confirmation above the psychological $100,000 mark will indicate the beginning of a new rally phase and potentially lead to market entry into unknown territory.

Despite macroeconomic uncertainty and global trade tensions, investor sentiment remains cautiously optimistic. Supporting this view is the latest on-chain data shared by top analyst Axel Adler. According to Adler, short-term holders are aware of the price currently at 58%, indicating that Bitcoin is still in the early stages of speculative expansion. The indicator has peaked at $70,000 and $100,000, respectively, at 165% and 144%, which are the levels that have historically triggered positive profits.

The current reading shows further growth space before entering overheated territory, which means that ongoing mergers may be the launch pad for a wider uptrend. As volatility is established, market participants are closely watching the decisive breakthroughs in the coming days.

Bitcoin faces resistance when it asks for merger before next step

Bitcoin is currently testing resistance after a strong multi-week rally, which pushed it from April lows to $74,000 to $96,000. Although price action remains bullish, many analysts agree that integration or a little answer must be done in order to build a sustainable foundation for the next leg. The wider market showed similar behavior, with several altcoins stagnating below the main resistance zone.

Despite the pause, Bitcoin remains above $90,000, a key psychological and technological field that has now become a battlefield for short-term momentum. If the Bulls maintain control above this level, it will increase the likelihood of a breakthrough in six figures. However, breakdowns below $90K may trigger a longer merge phase in the $85K – $95K area.

Axel Adler noted that the current year-on-year (Yoy) figure is 58%, higher than the peak at the previous market top. During the previous major upward price of Bitcoin was $70,000 and $100,000, the annual rate measures reached 165% and 144%, respectively. If this cycle reflects past behavior, Bitcoin will need to soar from its current $94K level to about $171,000 to match the previous euphoric peak.

This suggests that despite the current resistance, Bitcoin may still have a lot of room to grow before entering overheated territory. For now, traders are watching closely whether BTC will merge and collect strengths, or surprise the market with an aggressive breakthrough of more than $100,000.

BTC stays strong under increasing pressure

After spending a few days of consolidation within a tight range near this level, Bitcoin is trading at $95,000. The Bulls tried to restore momentum, but sales pressure continued to intensify in the $96,000 resistance zone. Despite its strength lately, Bitcoin is still striving to stand out decisively and requires a strong catalyst to push towards a psychological $100,000.

If BTC manages to push the $96K barrier, it could trigger a surge in bullish momentum and invite a wave of new buyers. However, if the Bulls can’t maintain their current levels and the price drops below $90K, all eyes will be supported by $88,500, the region is consistent with the 200-day moving average. Keeping this level will show structural strength and maintain an upward trend and indicate that the buyer is still in control.

On the other hand, a decisive failure below $88,500 may open a deeper door to correction, potentially dragging BTC into the 80K range. As macroeconomic uncertainty and global tensions continue to shape market sentiment, the upcoming meeting is crucial to establishing the short-term direction of Bitcoin. The Bulls must act as soon as possible to defend key levels and reignite momentum.

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