**Bitcoin's price has hit a point of seller exhaustion.**

With each pullback, the magnitude of realized losses is diminishing, signaling that the majority of holders are unwilling to sell at current levels.

A comparable pattern emerged in August/September 2024, which ultimately marked the market bottom.

Given this setup, the most likely scenario appears to be a few more weeks of sideways movement before a reversal by late April or early May.

$BTC