- Realized profit-taking remains moderate despite Bitcoin’s all-time price levels.
- Rising wedge pattern suggests an imminent, significant Bitcoin price move.
- Institutional adoption and scarcity drive forecasts of $200K by 2025.
Bitcoin has reached a new all-time high, yet market signals show a more balanced sentiment compared to past peaks. Data from CryptoQuant indicates that the Daily Realized Profit-Loss (P&L) Ratio, measured on a 30-day moving average, remains near its historical mean.
In previous cycles, sharp spikes in the P&L ratio aligned with overheated market phases and preceded price reversals. Early 2024 and mid-2025 saw such surges trigger panic selling phases.
The current market shows restrained profit-taking behavior, even with Bitcoin at record valuation. Analysts view this moderation as a sign of healthier sentiment and reduced risk of a sudden downturn.
Unlike in past cycles, the absence of extreme P&L spikes suggests the market is not yet in a panic-driven phase.
Rising Wedge Formation Signals Potential Breakout or Breakdown
Bitcoin is trading inside a rising wedge pattern, with the $120,000 level acting as a key resistance zone. Price has faced repeated rejections at this level, marking a crucial battleground between buyers and sellers.
In this formation, a decisive break below wedge support could tilt sentiment toward bearish conditions. For bullish momentum to continue, Bitcoin must maintain support within the wedge and secure a strong move above $120,000.
Analysts note that the narrowing range of the wedge signals an impending significant price move, with traders watching closely for confirmation of the next direction.
Industry Leaders Forecast Higher Prices Ahead
Ripple CEO Brad Garlinghouse told Fox Business that Bitcoin could reach $200,000 by the end of 2025.
He cited growing institutional adoption and favorable macroeconomic conditions as the main drivers for higher prices. Garlinghouse added that Bitcoin’s scarcity, reinforced by halving events, will likely boost demand and support price appreciation.
Meanwhile, Fundstrat’s Tom Lee said on Money Global Talk that Bitcoin adoption is in the early phase.
He noted that 95% of investors still have no Bitcoin exposure. Lee compared the current stage of wallet adoption to the internet in 1996, predicting strong upside potential as adoption accelerates.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
