Bitcoin (BTC) is 3.38% in the last 12 hours, an attempt has been made to overcome Friday’s cruel improvement. Technical and on-chain data shows why the BTC value is unlikely to be a revision of all-time high of $ 111,959.5 or a push up to $ 120,000.
Why does BTC price not climb up to $ 120,000?
In the long run, bitcoin (BTC) is very likely to install at more than $ 120,000 ath as the high time limit approach is largely faster. On a short deadline, the BTC value remains a slowdown due to three important signals:
- The technology suggests a potential inverted or short -term improvement.
- The whales caught between 100K to 1m BTC are reducing their stack.
- Blockchain data shows clear advantage of activity.
These major developments suggest that BTC value is likely to have a short -term stagnation or a pullback.
Bitcoin’s weekly chart recession failure pattern shines
The price of the weekly candlestick close bitcoin (BTC) was violated at the previous ath of the previous $ 110K, but failed to close on top of it. This technical formation is called a swing failure pattern, where the property fails to show the strength above a major level.
Additionally, RSI shows less high than bitcoins, which displays a classic recession deviation pattern. Non-individuality between value and motion indicators reflects a rapid speed of speed, often leading to improvement in underlying property.
In that regard, 43% rally from $ 76,555 to $ 110,000 is a high time limit price swing that investors should note. If the price is high as per the suggestion of the indicator, then due to a improvement. When most rallies or uptrend faces tiredness, a fair price or discount mode is noted. In this case, the mid -point of the 43% rally at $ 93,024 is a fair price. A push below this level will be considered a discount mode and often where smart money or whale accumulates.
Four reasons have been mentioned in a previous coilingup article Bitcoin price can crash up to $ 100KWhich is inline with the above approach. The above article notes an inherent instability-based sales signal as one of the reasons for a retracement.
Whale offload btc holdings
Blockchain data of satisfaction Shows that whale holding between 100K to 1m BTC is selling. Between February and April 2025, the holding of these smart investors increased from 647.73K to 679.63K. When the price of bitcoin was included between $ 75k and $ 88k, they accumulated. Now, these investors are offloading, adding headwinds to the price, already under a major resistance level.
Below the previous ath increases to avail as BTC Integrated
Usually, when the bitcoin value reaches its previous ath or sets a new set in the nearby area, there is a lot of profitable activity. Investors who buy at the previous top or before the rally are trying to make cash in some benefits. As a result, the BTC price continues to consolidate around the previous high levels.
The network’s profit/loss (NPL) indicator realized that the BTC price increased from $ 82K to 2.3B to 9.18B. History suggests that large uptics in NPL often match with local tops as investors sell to realize the profit.
To conclude, the weekly chart reflects weakness, which is clearly echoed by whale’s behavior and NPL indicator spikes. As more investors book profits, there is a possibility of potential improvement for major support levels. As long as the new capital flows, the possibility of BTC price rally is not possible up to $ 120,000 or more.
Frequently asked questions (FAQs)
Technical and on-chain data suggests that there is a reason for a potential reversal or improvement, showing the activity of taking clear advantage to reduce their holdings and blockchain data along with reducing the whale.
The weekly chart shows a recession swing failure pattern, where bitcoin failed to close its previous ath, and the deviation pattern of a classic recession is seen in RSI.
The middle point of the 43% rally from $ 76,555 to $ 110,000 is considered a fair price at $ 93,024, and a push will be considered a discount mode below this level, probably where smart money or whales accumulate.
Akash Girmath
Cryptocurrency markets for platforms such as Senior Cryptocurrency Analyst and Market Strategist Engineer-Analist Akash Girmath Embripto and FXSttert provide data-operating insight on DEFI and blockchain technology. Technical analysis, on-chant analytics and specialization in risk management, they empowers institutional investors and retail traders to navigate market volatility and regulatory changes. A hand strategist, Akash, merged the active crypto portfolio management with research on web 3, NFT and tokenomics. In Ambcrypto, he led cross-functional teams to re-designing the material structure, achieving record-breaking traffic development through scalable editorial strategies. Their analysis has dissected market sentiments, investment strategies and value predictions, a combination of macroeconomic trends with real -world trade expertise. Analysts are known to advise and optimize the workflows for high impact reporting, the work of the sky is quoted in global crypto publications, reaching 500K+ monthly readers. Follow their insight on YouTube, X, and LinkedIn for state -of -the -art approaches on decentralized ecosystems and crypto innovation.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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