š¹ STH Selling at Profit Still Building
The green bars showing STH selling in profit have yet to reach levels seen during the previous $72.4k peak. This suggests that profit-taking pressure hasnāt peaked, leaving room for further upward movement in price.
š¹ BTC Price Momentum
The strong upward trajectory, highlighted by the yellow trendline, is supported by rising STH supply. If this momentum holds, BTC could rally toward the highly anticipated $100k milestone.
š¹ Speculative Demand (FOMO)
The increase in STH supply signals growing speculative interest as market participants anticipate a breakout above the psychological resistance at $100k. This FOMO-fueled demand may act as a short-term catalyst for price growth.
š¹ Secure Your Profits
Always remember to realize profits partiallyāno one can perfectly predict the peaks or lows. For me, the best strategy is to lock in gains along the way. Stay safe and trade smart!
Written by IT Tech
