Bitcoin’s Resilience Above $80,000

Bitcoin (BTC) continues to maintain its position above the $80,000 level, finding support after significant declines.

Recently, Bitcoin achieved its best weekly performance in two months, peaking at $88,804 with a 4.24% increase. An analyst predicts BTC could reach $130,000 within 90 days.

As BTC regains bullish momentum on the charts, researcher Axel Adler noted that current price cycles, based on on-chain metrics, indicate healthy consolidation within a bull market rather than the start of a bear market.

Utilizing on-chain metrics like CVDD and the Investor Price Model, Adler stated that BTC is currently consolidating and has not yet entered overheated territory this cycle. He emphasized that the CVDD metric suggests a market growth phase.

Adler warned that if BTC breaks through key resistance in the $123,000 range, potential declines might follow as investors take profits. He views the current correction as a non-temporary movement within the ongoing uptrend cycle, suggesting that macro recovery, the FED’s moderate stance, and clearer signals from Donald Trump’s tariffs could spark a new rise.

This is not investment advice.