The answer:
Not yet, we are on the verge of seeing something interesting.
#Bitcoin is not on the verge of crashing, rather it is on the verge of launching.
Let's dive a little into the market's backstage and reveal the full picture for you to understand and not get bored.
What is happening to Bitcoin now?
It seems that Bitcoin is "compressing" itself near the levels of $117,000 - $119,000. Imagine with me, it is like a spring being compressed tightly, ready to launch.
The surprise:
🟢 Its technical structure is still "bullish". This means the fundamentals are strong and robust and have not been affected.
🔴 However, momentum has slowed down a bit, which is normal after big jumps. But this slowdown does not indicate weakness, rather it is the "calm before the storm."
Why is this not the end?
Many indicators suggest that this is not the "peak" of the market followed by a crash, but rather a "tight setup" to support an upcoming rise:
1. The fundamentals are rock solid: The Bitcoin Strength Index (BFI) remains high and strong, with network growth and liquidity on the rise. The economic foundation of Bitcoin has not been shaken.
2. Patience of the spring: What we see is a "temporary pause" in the fundamentals and not real weakness. Bitcoin is like a fully loaded spring, just waiting for the right moment to align its energy with momentum and launch.
A quick look at the market pulse (Week 30):
1️⃣ Price stability: Bitcoin is hovering around $117,000.
2️⃣ Coolness of indicators: The Relative Strength Index (RSI) has calmed, and some selling indicators (CVD) have shown pressure, but trading volume is still high, indicating sustained interest and resilience.
3️⃣ Capital flows are strong: Bitcoin ETFs in the United States are seeing net inflows and increased trading volumes, which is evidence of sustained strong institutional demand.
4️⃣ Professionals are gearing up: Futures are seeing an increase in open positions and funding rates, indicating a rise in expectations and speculation.
5️⃣ Profits are declining slightly: The winning supply ratio has decreased slightly, but it is still in the "euphoria zone," meaning most investors are still in good profits.
#Summary:
The market is in a "healthy but fragile" balance. There is potential exhaustion among sellers, and the market is ready for another upward push. If profits continue to decline slightly, we may enter a phase of broader consolidation, but this is not necessarily negative.
What does this mean for you?
As Bitcoin stabilizes and prepares, we may see alternative coins (ETH and altcoins) temporarily take the spotlight. Stay tuned for the signal... the launch is coming.
#Remember
The fundamentals are solid, and the price just needs to catch up.
What do you think? Are you ready for the upcoming launch? Share your predictions in the comments 👇
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