Watch these Bitcoin price levels as BTC meets 'decision point'

Quick Summary:

With elevated profit-taking and a lot of supply in profit, markets could see volatile price swings toward key BTC price levels over the next few days. Realized profits above “statistical levels”Senior researcher at Glassnode, CryptoVizArt.₿, said that Bitcoin’s rally to the $93,000-96,000 range has “pushed the profit-taking volume above the statistical levels.”In other words, the Realized Profit/Loss ratio shows that the volume of Bitcoin being sold at a profit exceeds historical norms.

The chart below indicates that “for every dollar realized in loss, more than 9 dollars was realized in profit! ” CryptoVizArt.₿ explained, adding:“The fact that the price is still above $93,000 is very surprising, which in my humble opinion is also risky.”Bitcoin realized profit/loss ratio.

Crypto analyst Checkmate said that Bitcoin’s current market is at a key “decision point,” so Bitcoin must clear this price zone in the near term to avoid another major correction.

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Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets: United States

Topics: Realized Resistance Btc/usd Price Days Bitcoin Chart Range Bitcoin’s Levels Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 11:51:22 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28395879

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