- Bitcoin’s Realized Cap just crossed above Thermo Cap! The last time this happened, BTC was at $16K. Is $75K next?
- Death Cross Alert! Thermo Cap drops below Realized Cap. On-chain signals suggest a big move is coming—bulls or bears?
- Market in focus: Bitcoin consolidation mirrors past trends. Historical data shows what could be next! Eyes on the charts!
Bitcoin has experienced dynamic market phases recently. The current price behavior reflects a consolidation phase following a strong rally. Data from various metrics suggests that Bitcoin may soon test a critical level.
Bitcoin Price & Volume Trends
Bitcoin’s price action reveals a strong uptrend followed by a period of sideways movement. The market experienced a sharp rally and then entered a consolidation phase. A red ellipse on the chart marks this pattern. Historical data shows similar phases that often precede major price moves.
The volume data supports the view that the market is in a state of adjustment. The consolidation phase appears to be a natural pause in the uptrend. Traders note that such periods can lead to decisive moves.
Realized Cap, Thermo Cap and the Death Cross
Realized Cap calculates the total value of bitcoins based on their last movement price. It provides a view that accounts for actual network activity and lost or dormant coins. Thermo Cap measures the cumulative capital introduced via mining. It reflects the total investment in Bitcoin through its production.
When Thermo Cap crosses below Realized Cap, the event is called the Dead Cross. Bilal Huseynov, analyst from Cryptoquadrant, points out that the chart currently shows this formation. This technical setup suggests that market valuation is under pressure. Historical occurrences of this cross have been linked to price corrections and market pauses.
Market Response and Future Prospects
Historical data shows that when Realized Cap overtakes Market Cap, Bitcoin has often seen lower price action. Traders keep a close eye on this metric as it may signal a shift in market sentiment. Past trends indicate that holding above key levels can restore market confidence. The consolidation may pave the way for renewed buying interest.
Bilal notes that if the second Death Cross materializes, Bitcoin might test a price target near $75,000. This technical formation is seen as a marker of potential market transition. Market participants continue to monitor these levels to gauge the next move. The current environment offers a balanced view where risk and opportunity coexist.
Bitcoin remains at a critical juncture. Market participants rely on these metrics to navigate evolving market conditions and prepare for upcoming price movements.
