Recent market data suggests that Bitcoin’s upward momentum might be temporarily paused as it grapples with resistance near its all-time high levels. After reaching a record peak above $104,500, the asset has recently declined, leading to concerns about a deeper correction. Analysts attribute this decline to profit-taking by investors at current price levels. The potential for continued stagnation is further fueled by onchain data indicating a slowdown in Bitcoin’s demand metrics, while whale accumulation also appears to be slowing. CryptoQuant’s analysis suggests that the current rally may face temporary setbacks before witnessing a sustained return to price discovery.