The post Bitcoin Hits New ATH; Cryptoquant Shares Buy-The-Dip Chart appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) hits new ATH this week, showing strong bullish sentiment Cryptoquant reports BTC reclaimed its Short-Term Holder Average Cost Basis, a key “buy-the-dip” sign Analysts now see Bitcoin’s old ATH around $109K as fresh support, expecting this new rally phase to run Bitcoin achieved a new milestone this week by reaching a new all-time high. The cryptocurrency’s latest upsurge boosted its renewed bullish sentiment and has opened a new frontier that could push the crypto’s price towards much higher prices. Data from the onchain data analysis provider, Cryptoquant, shows that Bitcoin is rallying after reclaiming the Short-Term Holder Average Cost basis. According to Cryptoquant, the cryptocurrency’s current level is crucial and represents a significant buy-the-dip indicator during bull markets. Short-Term Holder Realized Price as an Inflection Point Bitcoin is rallying after reclaiming the Short-Term Holder Average Cost basis — a key level that often serves as a strong buy-the-dip indicator during bull markets. Set this alert ⤵️https://t.co/PX6mjYIoST pic.twitter.com/5CvlJ4rxhE — CryptoQuant.com (@cryptoquant_com) May 23, 2025 Cryptoquant: Bitcoin Reclaiming STH Cost Basis a Key “Buy-the-Dip” Signal For context, a buy-the-dip signal occurs during extended bull runs, when a digital asset embarks on a protracted rally with massive momentum. Typically, investors capitalize on pullbacks during such periods to re-enter the market and maximize profit-making opportunities. Per the latest observation, Cryptoquant highlighted Bitcoin’s Short-Term Holder Realized Price as an inflection point and a crucial indicator under the current dispensation. Related: Bitcoin Price Prediction for May 24: Bulls Pause Near $112K as Breakout Momentum Cools Using chart evidence, Cryptoquant showed how Bitcoin’s price fell below the Average Cost Basis of Short-Term Holders, a crucial indicator for the bull market. Analysts observing this indicator during bull markets consider it decisive for buy-the-dip signals. Hence, appearing amid Bitcoin’s heightened bullish sentiment reinforces the cryptocurrency’s bullish appeal…

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Filed under: News - @ May 23, 2025 4:22 pm