Bitcoin’s price experienced significant fluctuations recently, with its value surging from around $111,000 to surpass $113,000 before settling at approximately $112,915. While this fluctuation might seem substantial, a deeper analysis of Bitcoin’s supply trends offers valuable insights into potential future price direction. 24-hour gains were driven by strong bullish sentiment, while a seven-day decline indicates a slight correction in the market’s overall performance. Analysis reveals that Bitcoin’s supply in profit trend is evolving, offering clues about potential market movements. 2023 saw a peak at $75,000 followed by price consolidation attempts between $30,000 and $50,000. These efforts to remain within this range show both corrections and stabilization as the market adjusts. 2024’s supply in profit is reflected in the black line on the graph. It shows an increase during price upswings, followed by a decrease during price dips, demonstrating the dynamic interplay of Bitcoin’s value. The amount of coins in profit decreased since April 2024, coinciding with price corrections. This shift aligns with investor sentiment and could indicate a potential market downturn. The blue bars on the graph signify the 90-Day EMA of net position change in supply in profit, which acts as a smoothing tool to showcase the trends in the market. Notable peaks coincided with Bitcoin’s price surge between December 2023 and February 2024. A sharp fall was also observed after April 2025 following the decrease in coins turning to profit, suggesting potential profit-taking attempts from investors. This could potentially trigger a bearish force on the market. Market Cycles & Lessons from 2017 Analyst Ali Martinez’s insights provide valuable context by comparing the current trends with those observed during Bitcoin’s price surge in 2017. The analyst noticed similar behavior, including periods of consolidation and retests of critical support levels between $3,200 to $3,500 before a significant price rebound ending the year at $7,200. Similarly, current trends show Bitcoin’s market testing the $110k to $116k support zone. If this follows a similar pattern as in 2017, we could see a substantial price surge within the next few months, potentially reaching levels similar to the $150k-$160k range observed after the retest.