The price of Bitcoin has been fluctuating in a range between $120,000 and $117,000 for almost three weeks now. At the moment, sellers are firmly defending the $120,000 mark. Has the $BTC found a local top that could lead to a decline similar to those recorded in 2024 or 2025? According to a metric from CryptoQuant, the $BTC may still have a bit of room before entering a similar situation.
The goal is to study various on-chain and technical indicators to determine if the $BTC can still progress. After an increase of nearly 700% since the bottom of 2022, can BTC still climb? Comment YES if you believe in an increase, and NO for a downward trend.
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