Bitcoin targets $115K as BTC supply metric nears 'historic euphoria' zone

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Coin Telegraph 19h ago

Bitcoin targets $115K as BTC supply metric nears 'historic euphoria' zone - Coin Telegraph

Quick Summary:

Similar profit-taking behaviors have led to price corrections in the past, as shown above.“Currently, the supply in profit has climbed back above 85%, which is fairly positive,” DarkFrost writes, noting that its recovery from the recent bottom of 75% is still better when compared to 45-50% lows witnessed during bear market corrections.

Bitcoin “max buying” zone hints at $115,000In late April, Bitcoin bounced strongly from the $89,000–$90,000 support zone, a key horizontal level from prior price action strengthening the case for more upside.

Related: 5 Bitcoin charts predicting BTC price rally toward $100K by MayA breakout above the $100,000 psychological barrier could pave the way toward new all-time highs at $110,000–$115,000, according to CryptoCaesarTA.