The post Bitcoin Number Of Sellers Drops To A Minimum At Current Levels – Time For BTC To ‘Move On’ appeared on BitcoinEthereumNews.com.

Bitcoin’s short-term price direction remains uncertain, as analysts and investors are divided on whether BTC will break into a new all-time high (ATH) or face selling pressure into lower prices. The price has been trapped in a narrow range for the past twelve days, holding above $94K and below the $100K mark, with neither bulls nor bears able to take full control of the market. This period of sideways trading has created speculation about an imminent major move, as Bitcoin continues to consolidate within these key levels. CryptoQuant data reveals that at the current levels, the number of sellers willing to sell at a loss has dropped to a minimum, a signal that market participants are holding their BTC instead of panic-selling. Historically, such conditions indicate that price volatility is on the horizon, as supply remains tight while demand is expected to increase. With sentiment split between a breakout or a deeper correction, traders closely watch the $100K resistance and the $94K support to determine the next big move. If BTC pushes above the $100K mark, a rally into price discovery could follow. However, a breakdown below $94K could trigger further selling pressure. Bitcoin Metrics Suggest A Big Move Is Coming Bitcoin’s price action has remained stagnant over the past two weeks, trading within a narrow range between $94K and $100K. However, a positive outlook suggests that BTC is gearing up for a massive move into new all-time highs (ATH). Analysts speculate that this recent consolidation phase is the calm before the storm, setting the stage for the next major breakout. Despite short-term uncertainty, Bitcoin remains structurally bullish, holding above key support levels and maintaining its long-term uptrend. While investors are divided on whether BTC will break higher or face another correction, on-chain data hints at a tightening supply. CryptoQuant…

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Filed under: News - @ February 19, 2025 3:23 am