Delta Metrics means Bitcoin has room to run – close to historical profit zone
After several days of volatility and strong buying pressure, Bitcoin trading was around $97,000, showing steady momentum in the cryptocurrency market. The Bulls have apparently controlled, pushing BTC to its cyclical highs and suggesting a potential breakthrough after months of sales pressure, consolidated and macro-driven uncertainty. The price structure flipped the bullish over multiple time frames, and now traders are paying close attention to the cleaning push for resistance zones above $9.8 thousand.
The data on the chain adds a deeper level to the market narrative. According to CryptoQuant, the “Delta” metric (measures that Bitcoin’s market caps all exceed the average price of the coin’s last change hands), which is a key signal in identifying the average price of the profitable area. Over the past four years, historical patterns have shown that once Delta reaches 170%, investors will usually start unloading positions. Although current levels are still below this threshold, the upward trend indicates that the market is heating up.
As the edge of Bitcoin approaches new highs, Delta can serve as a major indicator that can appear when sales pressure is underway. For now, trends favor bulls’ trends, but as history shows, indicators of overheating often mark the beginning of the next correction phase.
Bitcoin indicator warns of future profits
Bitcoin is facing a critical test as it strives to restore its psychological level of $100,000. The Bulls showed signs of exhaustion after soaring to $97,000, with some analysts calling for a short-term reversal. Still, BTC continues to stay above the main support at $92,000, but there is hope. This level has been a strong area of demand in recent weeks and keeping it possible lays the foundation for another attempt to break the resistance.
The macro environment remains uncertain, with global financial markets responding to ongoing trade negotiations between the United States and China. Tensions between the two countries continue to affect risk sentiment, keeping investors cautious even as crypto assets rise.
Adler highlights a key chain signal: the Delta indicator. Delta measures Bitcoin’s market value is higher than the average price of all coins last changed hands. According to Adler, historical data over the past four years show that when the delta reaches 170%, investors usually start to profit, which often leads to a sell-off. Currently, the Delta is about 112%, which means a 58-percentage point rise could trigger the next round of sales pressure.
Despite this, the market remains bullish. The buying momentum is strong, and the correction seems to be behind us, and the technical structure prefers to continue, as long as the price is $92K. If the Bulls manage to push $98,000 higher and recover $100,000, Bitcoin can enter a new phase of expansion. However, as the delta climbs and macro risks linger, traders should remain vigilant. The next move can define the market trajectory that enters the summer.
BTC test critical resistance
Bitcoin trades at $97,088, and Bitcoin trades higher after a week of mergers fall below key resistance. The daily chart shows that BTC is approaching a psychological $100,000 barrier, with price action forming higher lows and maintaining bullish momentum. The 200-day simple moving average (SMA) of $90,699 and the 200-day exponential moving average (EMA) of $86,514 have been retracted, enhancing the basic strength of the current trend.
The recent rally marks a critical phase for BTC as the price test has a cap range of $90,000 to $1.036 million. A decisive daily closure of more than $100,000 will indicate a breakout and may trigger an upward momentum to the point where the previous high is $103,600 and potentially surpassing.
The volume remains stable, supporting a bullish structure. However, past resistance has proven to be important in the past and traders should monitor potential rejection or exhaustion. If Bitcoin fails to burst, support for $92K is still a key level to hold.
Overall, the trend remains positive as long as BTC holds an average of more than 200 days. With global market stabilization and on-chain indicators improving, a breakthrough of more than $100,000 may confirm a new phase of Bitcoin in the coming weeks.
Featured images from DALL-E, charts from TradingView
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