The post On-Chain Oscillator Shows Bitcoin Far From Cycle Peak – Can BTC Push Above ATH? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin faced a turbulent Sunday as price action delivered a sharp twist, surging to fresh local highs of $107,000 before swiftly retracing to $102,000 within hours. This sudden spike and drop shocked investors who were gearing up for a steady breakout into price discovery. The dramatic move underscored growing market uncertainty, with volatility rising just as many expected a sustained bullish push above the all-time high near $109,000. Despite the pullback, on-chain data points to underlying strength in the current market structure. Insights from CryptoQuant reveal that the Bitcoin Heat Macro Phase Model stands at 0.41, well below the 0.70 level that historically signals overheated market conditions. This suggests Bitcoin still has room to grow before entering the late-phase distribution zone often seen at cycle tops. The market now stands at a critical juncture. While some traders view the retrace as a healthy correction within a broader uptrend, others fear it may mark the beginning of a deeper move to the downside. With sentiment split and macro data pointing toward more upside potential, the coming days will be pivotal in determining whether Bitcoin resumes its rally or takes a breather before the next leg up. Bitcoin Faces Key Support Test Bitcoin is at a pivotal moment as bulls attempt to defend the psychological $100,000 support level after Sunday’s volatility. Price surged past $107,000 before sharply correcting to $102,000, highlighting the fragility of bullish momentum. While bulls remain in control, they must maintain price action above $100K to keep the structure intact and prevent a deeper retracement. Resistance remains heavy near the $105,000 zone, just below the all-time high around $109,000. Liquidity above these levels may attract upward momentum if buying pressure returns. However, Bitcoin continues to face…

---

Filed under: News - @ May 19, 2025 7:29 pm