Decoding Bitcoin’s Price Trajectory: Key Metrics Suggesting a Potential Surge

Bitcoin (BTC) recently bounced back above the $100,000 mark, providing long-term holders (LTHs) with profitable returns. However, its price movement has stagnated, leading to uncertainty about future direction. Analyzing key metrics reveals that Bitcoin’s current rangebound market presents potential for both a breakout or a correction. The article delves into these observations and sheds light on how the market momentum, LTH behavior, and historical trends could influence Bitcoin’s price trajectory.