Bitcoin (BTC) Price Prediction: Despite Minor Retracements, Upward Trend Could Persist

Bitcoin’s [BTC] upward trend could persist despite minor retracements, as observed in the daily time frame.

Bitcoin’s [BTC] uptrend could continue despite minor retracements, as observed in the daily time frame. The asset recently experienced a 0.28% decline, which appears to be a natural pullback within its broader rally.

As part of BTC’s extended rally, AMBCrypto is highlighting the price fluctuation, which is analyzed in greater detail below.

Short-term holders prevent major BTC price decline

A recent report by analyst James Van Straten highlighted significant trading activity in the BTC market since September, which has helped to stabilize BTC’s price.

The Long/Short-term holder threshold is currently at 1.28, which indicates a strong preference for accumulation.

This means that for every 1 BTC sold, buyers are stepping in to buy approximately 1.28 BTC, which indicates sustained demand.

Further analysis reveals that sell-offs were mostly carried out by long-term holders (LTH)—addresses that have held BTC for over two years without transacting.

Meanwhile, buying activity was largely driven by short-term holders (STH) or early investors.

From September to now, a total of 843,113 BTC was sold, while 1,081,633 BTC was accumulated.

On a daily basis, buyers purchased 12,432 BTC, while 9,690 BTC was sold.

This imbalance in favor of buying reflects a bullish market sentiment, as the increasing accumulation prevents BTC from experiencing a sharp price decline.

Following its recent all-time high, BTC has managed to stay above the $90,000 range, likely due to the sustained demand.

A historic moment for BTC

According to analyst Ki Young Ju, Bitcoin has seen a massive influx of funds, with buying activity reaching $80 billion per month.

This development is a highly bullish indicator for BTC, suggesting that adoption is increasing at a rapid pace.

More retail investors are entering the market, buying BTC in larger quantities than ever before.

Ki Young Ju highlighted this momentum, stating:

“Nearly half of the capital that has entered the Bitcoin market over the past 15 years was added this year.”

If this trend continues, BTC’s long-term outlook remains strong, positioning the asset for sustained upward movement.

We also analyzed BTC’s immediate market activity to assess its short-term outlook.

BTC maintains bullish momentum

Despite a 0.28% dip in BTC’s price over the past 24 hours, market indicators continue to signal a bullish outlook.

According to data from Coinglass, BTC’s funding rate remains positive at 0.0100% over the last eight hours.

A positive funding rate suggests that long traders are maintaining price stability in both the spot and futures markets, reflecting an overall bullish sentiment and creating opportunities for further price growth.

Additionally, an analysis of BTC’s long-to-short contract ratio shows it remains neutral at 1. A move above or below this level could determine the market’s next directional bias.

Considering BTC’s long-term outlook and the positive funding rate, the current fluctuation appears to be a minor retracement, with the bulls still having an advantage.