Is This the Final Shakeout Before Bitcoin’s Next Big Move? Analysts Break It Down
Bitcoin's price is currently around $84,449, showing a 0.7% decline in the past 24 hours after struggling to break resistance levels. The market is experiencing consolidation amid macroeconomic uncertainty, with short-term holders under pressure. The STH-SOPR metric is below 1.0, indicating many short-term holders are selling at a loss, often a sign of capitulation. This situation has historically presented accumulation opportunities as stronger hands absorb supply. The STH Realized Price is approximately $92,000, suggesting Bitcoin may be undervalued when trading below this level. Analysts recommend a hedged strategy of accumulating in spot markets while holding short positions in derivatives to manage risk. Improvement in macroeconomic conditions could lead to a price rebound, but patience and risk management are advised until a clearer trend emerges.
