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Bitcoin’s price has once again captured the spotlight of investors, backed by positive signals from technical analysis and on-chain data. Fundamental indicators, such as realized capitalization reaching historical peaks, suggest that both individual and institutional investors are re-entering the market. As Bitcoin’s price approaches critical levels, the likelihood of short-term volatile moves increases. Experts emphasize the importance of cautiously monitoring market data and tread carefully in the current climate.
On-Chain Data Signals Strong Buying Opportunity
Bitcoin’s realized capitalization, a metric derived from its transaction history, has surged to a record high of $882 billion. As previously observed in past cycles, this increase is seen as a precursor to significant upward price movements. This metric reflects the volume of investors re-entering the market and signals increased risk appetite.
The crossing of the 90% threshold in the supply of realized profit Bitcoin 
$104,728 further supports this view. Sales tendencies among long-term investors have decreased, with new entries predominantly aimed at accumulation. Noticeable growth in large investor wallets has been reported over the past 30 days, marking one of the key factors fueling the upward potential of the price.
Another point capturing investors’ attention is the reactivation of institutional accounts. According to on-chain data, numerous high-volume wallets have executed substantial purchases at relatively lower prices, suggesting that the price has formed a base at current levels and could be on the brink of an upward breakout.
Technical Indicators Point to Possible Surge
A clear descending wedge formation can be seen in the daily price chart. Technical analysis experts assert that if this formation is broken, the price could jump by up to 21%. The Relative Strength Index (RSI) indicates continued upward momentum, supporting the potential breakout from a technical perspective.
Expert analyst Carmelo notes that while Bitcoin’s gradual ascent has not yet turned into a significant rally, the accumulation phase is accelerating. According to Carmelo, this quiet period might be a precursor to a price surge. “We have been observing gradual increases since April, yet a sudden jump has not yet occurred. As accumulation continues, this surge could become inevitable,” he stated.
The strongest resistance levels ahead are highlighted as $95,680 and $99,690. If these levels are surpassed, the price may climb as high as $115,000. On the other hand, should the price fail to break these levels, a pullback finding support around $92,000 is expected. Alongside technical indicators, market psychology will likely be decisive at these levels.
