INSUBCONTINENT EXCLUSIVE:
Key takeaways:Bitcoin hit $122,000 all-time high on Monday, but onchain data shows no signs of overheating, suggesting more growth potential
in 2025.BTC price resistance at $124,000-$136,000 remains the main barrier for now.Bitcoin (BTC) analysts say that the BTC market is not
overheated despite new all-time highs of around $123,000 earlier this week
Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price action has established a new range in lower timeframes, and
market observers have key support levels in their sights.Bitcoin market not overheated yetFor CryptoQuant analyst Axel Adler Jr., Bitcoin
Source: CryptoQuantSimilarly, Bitcoin realized Cap-UTXO Age Bands, a metric that shows the distribution of realized cap of a specified age
when Bitcoin was at peak highs, the percentage of the realized cap held by the one-day to one-week UTXO age group was as high as 14%
price rising even higher, the fact that overheating has significantly decreased compared to previous short-term peaks suggests that Bitcoin
Realized Cap - UTXO age bands (%)
analyst Crazzyblockk outlines key levels that traders should focus on.This observation comes from Bitcoin's realized price model
It uses the average purchase prices of STHs, including their standard deviations, to spot important areas where buyers are active and prices
tend to move.On the upside, the first major resistance sits at $124,000, representing the average cost basis of STHs pushed one standard
is at $136,000; the average cost basis of investors who have held BTC for less than 30 days is pushed one standard deviation higher
asset is overvalued or undervalued, suggests that BTC price still has more room for further expansion before the extreme level around
$124,000, marking a key point of resistance.Bitcoin: MVRV extreme deviation pricing bands
Source: GlassnodeOn the downside, a key area of interest sits between $113,700 and $115,300, a zone aligned with the 200-day exponential
moving average (EMA), which offers dynamic support
The next important level below that is $107,500, the +0.5 STD MVRV band.As Cointelegraph reported, Bitcoin must reclaim the
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