Yes

>>Bitcoin's significant price increase after the halving hasn't reached overbought levels.

Bitcoin's significant price increase after the halving hasn't reached overbought levels.

crypthub

about 22 hours ago

Recent Price Fluctuations

Bitcoin reached a new all-time high of $126,000 before experiencing a pullback due to profit-taking and concerns related to Trump. Prices briefly dipped to $101,000 before recovering to around $112,000. Despite the volatility, market analysts suggest a bullish phase may still be ahead.

Post-Halving Momentum

Data indicates Bitcoin is entering a significant phase following the April 2024 halving, showing measured strength. The cryptocurrency's price is up 85% since the halving, positioning it approximately 35% through its typical four-year cycle. Current metrics place Bitcoin in a “neutral momentum” zone, indicating it is not overheated.

Stability and Future Outlook

Volatility indicators suggest Bitcoin's ascent is stable, with low volatility and potential price compression. Historically, price peaks typically occur 500-600 days after a halving. Analysts are closely monitoring for signs of acceleration or deviation from established patterns.

Holder Activity and Confidence

While some long-term holders have moved coins to exchanges, the activity is moderate and persistent. This suggests the market shows no signs of euphoria and on-chain fundamentals remain strong. Continued momentum is anticipated through Q4 if transfers ease.