An analyst explains why the genuine Bitcoin rally may still be on the horizon

crypthub

6 days ago

2025 Price Momentum

Bitcoin surged from roughly $93,300 in January to an all‑time high of $126,000 this month. The rally included brief pullbacks but consistently set new peaks, underscoring strong confidence among long‑term holders. An October correction, however, has sparked doubts about the durability of the bull run and the prospect of an approaching bear market.

On‑Chain Metric Insight

Analyst Arch Physicist used the VCDD‑to‑SOPR ratio to gauge price zones based on coin movements and potential profits. Key readings include Gamma + Epsilon at about $147,937 (a structural high) and Delta + Epsilon near $92,902 (short‑term support). Epsilon alone marks a possible price floor, helping to identify support and resistance levels.

Support Zones and Outlook

Bitcoin has stayed within both long‑term holder (LTH) and short‑term holder (STH) support zones throughout the cycle. A breach of the lower support could signal a bearish shift, while intact upper support suggests the bull phase may still be unfolding. Currently, BTC trades around $11,890 with little movement in the last 24 hours.