Bitcoin’s price is currently over 30% lower than its all-time high. A recent drop of 17.5% in February and a further decline of 2.19% in the previous months highlights market volatility. However, a recent surge of 0.9% in the past 24 hours offers hope for a potential price rebound. On-chain analysis suggests that short-term Bitcoin investors are selling less, indicating a degree of confidence within the market. This is supported by data from the Short-Term Spent Output Profit Ratio (SOPR) and UTXO Age Band (1-3 months), which reveal reduced selling pressure among recent buyers. 1 to 3 month UTXO age band analysis provides insights into investor behavior, shedding light on whether they are holding onto their Bitcoin or preparing for a potential sell-off. Several analysts believe that long-term holders are resuming accumulation and predict a significant price surge if positive signals emerge from either the US Federal Reserve or the Trump administration. A recent prediction by Axel Adler Jr suggests Bitcoin could reach $130,000. 24-hour trading volume has also risen significantly, signaling heightened market activity. Will reduced selling pressure be enough to stabilize BTC prices? Bitcoin’s RSI at 48.30 suggests room for growth, and recent trends point towards a possible price increase. Analysts believe that April could be favorable for Bitcoin, having witnessed positive momentum in 9 out of the last 13 years compared to other months like March and May. The insights provided by on-chain data and historical market trends offer valuable information into the potential future direction of Bitcoin’s price.