The price of Bitcoin is poised for a significant increase following the Realized Capitalization reaching a record high.
Is it possible for $BTC to rise to $115,000? Bitcoin (BTC) is positioned for a potential parabolic surge beyond $100,000, as its Realized Capitalization has achieved an unprecedented peak, a trend that has historically preceded substantial upward movements.
This increase in the metric coincides with BTC maintaining a value of $95,000, following President Trump's easing of auto tariffs, which has contributed to a recovery in the financial markets.
Currently, BTC is valued at $94,930, with a daily peak of $95,443, while the Bitcoin Fear and Greed Index reflects a sentiment of 'greed' among traders.
An in-depth analysis of the Realized Capitalization along with two other critical metrics indicates that a significant price surge is imminent.
Bitcoin (BTC) Price Eyes Rally As Realized Capitalization Hits ATH
As reported by analyst Carmelo using data from CryptoQuant, the Realized Cap of Bitcoin (BTC), an on-chain metric that reflects the price at which BTC was last transacted on-chain, has achieved an unprecedented level of $882 billion.
Carmelo suggests that this increase signifies a renewed interest from both retail and institutional investors in the market, who are expecting potential profits in the near future.
The chart presented above indicates that an increase in the Realized Cap metric is frequently succeeded by a significant rise in Bitcoin's price.
According to Carmelo, historical patterns suggest a similar outcome may occur, and a substantial surge is anticipated. He expressed his views,
Despite observing steady increases since April 9, the price has not yet experienced a substantial surge within a brief period, which is a common trait of Bitcoin. Nevertheless, if these accumulations persist, it is highly probable that such a surge will take place.
Remarkably, this is not the sole on-chain indicator suggesting an imminent surge in BTC prices.
The proportion of BTC held at a profit has exceeded 90%, a level that analyst Darkfost has observed has historically triggered a euphoric phase, and the leading cryptocurrency is approaching this threshold.
In recent weeks, prominent analyst Ali Charts observed that whales have gathered 43,100 BTC, amounting to nearly $4 billion.
This accumulation suggests that these significant addresses might be preparing for a bullish trend, reinforcing the notion that a BTC surge beyond $100,000 is imminent and could occur shortly.
Bitcoin Technical Analysis – Key Support & Resistance Levels to Watch
Bitcoin is currently trading within a significant falling wedge pattern on the daily chart and is approaching a potential breakout above the upper trendline.
This movement could lead to a 21% increase in price, aiming for an all-time high of $115,000.
The RSI line, which is trending upwards and has reached a value of 66, indicates a strong possibility of a breakout occurring, as bullish momentum intensifies. However, for a positive Bitcoin price outlook to materialize, BTC must overcome several obstacles.
The first challenge is the resistance at $95,680, which also coincides with the upper descending trendline of the falling wedge.
A decisive close above this resistance is necessary, followed by the need to surpass $99,690 to facilitate a rise towards $115,000.
Should this optimistic outlook falter, and investors who purchased during the surge opt to realize their gains, initiating a downward trend, Bitcoin's price will encounter support at $92,000.
A decline below this threshold could lead to a drop to $81,000. In such a scenario, market sentiment is expected to revert to a state of 'fear,' thereby undermining the potential for a 'euphoric phase' to occur in the foreseeable future.
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