💎 $BTC at $101,449: Bitcoin recently hit $100K, sparking debates about a cycle top. On-chain metrics suggest BTC has more room to grow despite current consolidation.
📊 Bullish Indicators: The MVRV long/short difference at 27.25% signals a bull market but remains below March’s 42.08%, indicating potential for new highs above $103,900.
📈 RHODL Ratio: Bitcoin’s RHODL ratio is above the green zone (market bottom) but below the red zone (cycle top), implying further upside potential for BTC.
🚀 Bull Flag Breakout: BTC has broken above a bull flag, a bullish technical pattern, signaling a possible rise to $112,500. A drop below the flag’s lower boundary could invalidate this.
⚠️ Key Levels: If indicators turn bearish, BTC could retrace to $89,867. Watch these metrics for the next big move.
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