- RHODL Ratio decline shows rising short-term activity, not mass selling.
- $100K remains critical support; breakout above $110K could follow.
Bitcoin remains in a pivotal phase as traders weigh recent price movements against long-term holder behaviour. Recent data from Glassnode shows that Bitcoin’s RHODL Ratio has started to decline after peaking below 2. The RHODL Ratio measures the balance between long-term holders (6 months to 2 years) and newer holders (1 day to 3 months).Â
Despite the current drop, the ratio remains well below historic highs seen in past market tops. Analysts suggest this decline is linked to increased short-term activity rather than a loss of conviction from long-term holders.
Historically, sharp spikes in the RHODL Ratio have marked market tops when profit-taking intensifies. The current range suggests that most older holders are still in accumulation mode. This ongoing behaviour indicates market strength and a lack of widespread distribution.
$100K Support Becomes Key as Short-Term Price Action Heats Up
However, Ali Martinez highlighted the importance of the $100,000 support level in a recent BTC/USDT analysis. After briefly reaching highs near $114,000, Bitcoin pulled back to around $104,852. Martinez warned that a close below $100,000 could open the door to a deeper correction toward $78,500.
According to Martinez, Bitcoin is trading within a defined price channel. Resistance near $110,000 continues to cap upward momentum, while the lower bound of the channel offers potential support.
If bulls fail to hold the $100,000 level, technical pressure may intensify. The zone now acts as both a psychological and structural benchmark for short-term traders.
Consolidation Suggests Breakout Setup as Bulls Eye $120K
Bitcoin is forming a tightening range between rising mid-channel support and a flipped resistance level, according to a technical analysis by Lingrid. With the price hovering around $104,724, analysts see coiling action that typically precedes larger moves. The setup signals consolidation rather than weakness.
The BTC/USDT chart reveals strong support zones beneath current levels, giving traders confidence in the bullish structure. Lingrid emphasized the importance of the $118,000–$120,000 target range, which aligns with upper channel resistance.
As long as the ascending trendline holds, the broader structure remains favourable for continued upside. The analysis suggests that Bitcoin’s medium-term trend is intact, and a breakout above $110,000 could unlock further gains.
Disclaimer:Â 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.
