Bitcoin (BTC), that fickle lover, has flirted with a 4% rise in 24 hours, yet lingers below its 30-day mark, a tempest of uncertainty. 🧠
Yet, on-chain metrics and technical signals, those sly foxes, whisper of a potential bullish surge if resistance levels are breached. 🦊
More Holders Are Buying Again as Market Confidence Slowly Returns
The Holder Accumulation Ratio (HAR), that enigmatic barometer of holder sentiment, has climbed from 52.91% to 55.53%, a modest ascent that suggests long-term holders are buying more than selling-though not by much. 📈
When this ratio wobbles above 50%, it’s a bullish omen, like a moth circling a flame. But let’s not get carried away. 🕯️
Still, the HAR’s climb is a flicker of hope in a market that thrives on despair. Or is it? 🤔
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. 📰
The Net Unrealized Profit/Loss (NUPL), that cautious investor, has inched upward from its three-month low of 0.48, yet still hovers near the abyss of 0.50, where profit-taking lurks like a shadow. 🕳️
It’s a tightrope walk, and the market, ever the acrobat, teeters on the edge. 🎭
Recall the October 11 dip, which catalyzed a 4% surge in two days. A repeat? Perhaps. A mirage? Maybe. But the market, ever the trickster, dances on. 🕺
Combined, these signals are like a riddle wrapped in an enigma-though the answer remains elusive. 🧩
Bitcoin Price Chart Pattern Hints at a Breakout If $114,000+ Gives Way
The daily chart, a falling wedge, hints at a breakout if BTC dares to breach $114,928. A bullish reversal, if the volume cooperates. 🧠💥
Currently, BTC teeters near $111,346, having flipped $108,918 into support-a fragile alliance. 🕳️
The next hurdle, $112,242, looms like a gatekeeper. A daily close above $114,928 would unlock a path to $117,615 and $121,440-though the market may prefer to keep its secrets. 🚪
Should BTC falter at $108,918, the bullish dream crumbles, and the market retreats to $103,545, the wedge’s lower boundary. A cautionary tale, indeed. 🐍
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2025-10-20 12:42