Bitcoin is currently hovering between a critical psychological turning point and an optimistic range, according to CryptoQuant contributor DataScope. This is a crucial zone where market participants form either optimistic or pessimistic views based on profitability. As long as Bitcoin remains within this range, significant downside is unlikely. The Bitcoin Supply in Profit ratio, which reflects the periods when investors are in profit, shows that when a large portion of the supply is in profit, optimistic sentiment tends to prevail. Bitcoin's price is currently being tested. As in 2016 and 2020, when the bull market started, it is likely that the price will rise again after this psychological turning point and within the optimistic range. Staying in this range will determine whether the bull market will continue and will increase investor confidence in future price increases.