Key Notes
- Bitcoin has reclaimed $100K, triggering renewed bullish indicators throughout on-chain and technical indicators.
- All age bands are actually in revenue, marking a full restoration in holder profitability and signaling robust investor conviction.
- The Bull-Bear 30DMA has began to curve upward, suggesting an impending interval of large progress.
Bitcoin
BTC
$96 611
24h volatility:
2.1%
Market cap:
$1.92 T
Vol. 24h:
$29.09 B
has reclaimed the $100,000 degree for the primary time in months, buying and selling at round $102,000 on the time of writing — a virtually 4% surge prior to now 24 hours.
Some of the important on-chain signals confirming market energy comes from CryptoQuant’s Bull-Bear Market Cycle Indicator, which has lastly begun to flash bullish after persistently signaling bear situations since February 24, 2024.
CryptoQuant’s Bull-Bear Market Cycle Indicator | Supply: CryptoQuant
Whereas the coefficient of the bullish sign remains to be weak at 0.029, it’s the primary inexperienced sign in over two months, hinting at a possible shift in momentum.
Convergence of bullish indicators
The Bull-Bear 30DMA has began to curve upward. Traditionally, when this shorter-term shifting common crosses above the Bull-Bear 365DMA, Bitcoin has entered intervals of parabolic worth progress.
The crossover hasn’t occurred but, however the upward slope is now in movement.
In the meantime, realized worth metrics based on UTXO age bands reveal that 100% of all Bitcoin holders are in revenue. This uncommon alignment occurred when Bitcoin crossed $98,138, pushing even the ultimate lagging band (3 to six months) into profitability.
Over 3 million BTC have returned to revenue from underwater positions, as highlighted by Glassnode, decreasing the variety of underwater cash from 5M to 1.9M, indicating renewed conviction from each short- and long-term holders.
Because the market approached the present native low of $74k, greater than 5M BTC had been held in an underwater place. Nonetheless, because the market restoration has taken place, this quantity has fallen to round 1.9M BTC, indicating that over 3M BTC have returned to a state of revenue. pic.twitter.com/J7cmxlRyMH
— glassnode (@glassnode) May 8, 2025
Technical evaluation: momentum builds for btc
Trying on the every day chart under, Bitcoin has cleanly damaged above the higher Bollinger Band, now hovering round $102,747.
Value exceeding the highest band typically signifies overbought situations within the quick time period, which may result in momentary pullbacks, but additionally suggests robust momentum. The decrease band sits at $87,147, offering the important thing assist degree if worth corrects.
The MACD stays in bullish alignment, with the MACD line trending properly above the sign line and persevering with to widen as consumers proceed to dominate.
BTC 1D Chart | Supply: TradingView
If Bitcoin can keep above $102,750, the following goal turns into $108,000-$110,000, adopted by the all-time excessive vary close to $120,000. Then again, a break under the $94,947 mid-Bollinger Band or a failed maintain above $100K might deliver a correction towards the $87,000-$90,000 assist zone.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any choices based mostly on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets through the years. Parth can also be an creator of 4 self-published books.
