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According to an x after By crypto analyst Ali Martinez, Bitcoin (BTC) witnesses a decrease in the pressure-side pressure, indicating that a local market bottom can soon be formed for the most important cryptocurrency.
Bitcoin local soil on the horizon?
Bitcoin continues to act just below the psychologically significant level of $ 100,000 and float at $ 98,650 at the time of writing. The top cryptocurrency by market capitalization, however, witnesses a remarkable decrease in the sales side.
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Martinez shared the following Bitcoin Sell-Side Risk Ratio Chart of Crypto Analytics Platform Glassnode, with a sharp fall in the metric since mid-January 2025. This drop suggests that BTC may be a local price base, possibly led to a new accumulation phase.
For those who are not known, a falling sale on the sales side usually indicates that investors hold their BTC instead of selling, which indicates the early stages of an accumulation phase where prices can stabilize or start to rise.
The analysis of Martinez is in line with broader crypto market cyclus theories, which suggest that market bottoms are often followed by an accumulation phase. This phase, in turn, paves the road for a potential price increase.
However, BTC must contain above the most important support levels to confirm these prospects. Crypto analyst stretches Capital weighed In the Bitcoin price action, the importance of a weekly close to $ 97,000 emphasizes to maintain its higher low as support.
The analyst shared a weekly Bitcoin graph and noted that although BTC has seen several reading under his symmetrical triangular structure, the overall bullish pattern remains intact. Not closing more than $ 97,000 on the weekly period of time could increase the risk of further downwards.
Likewise, fellow analyst Daan Crypto Trades shared a bullish perspective, pointing out that BTC recently had a “solid break” of a falling channel structure. The analyst added:
I now have to see the continuation at the weekend to get a good basis next week. $ 98K is the key in the short term.
Is BTC ready for a new of all time?
Although Martinez suggests that BTC may be a local soil, other analysts believe that the cryptocurrency is acceleration For a movement then $ 108,000, which may reach a new of all time (ATH). Analyst Kevin for example, to predict That a short squeeze BTC could push up to $ 111,000.
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Likewise, recent analysis by stretches Capital highlights That BTC shows early signs of a bullish divergence that could break the Bearish price momentum of the digital asset. At the time of the press, BTC acts at $ 98,650, an increase of 0.1% in the last 24 hours.
Featured image of Unsplash, graphs from X and TradingView.com