Bitcoin Remains Steady as Analyst Foresees Growth Potential Reaching $130K

Bitcoin's Current Position: Bitcoin has maintained a strong position above its average realized price since early 2024, indicating positive market sentiment and potential for growth toward the $130K resistance level.

Market Dynamics and Support: Analysis shows that Bitcoin's market structure remains stable, with consistent buying pressure absorbing dips, which supports a healthy trading environment and suggests a gradual climb toward the upper resistance zone.

Short-Term Holder Behavior: The STH-MVRV pricing corridor indicates that short-term holders are likely to take profits around the $130K mark, creating a natural selling pressure zone as prices approach this threshold.

Future Outlook: If current market conditions persist, Bitcoin is expected to gradually move toward $130K, reflecting sustained investor confidence and a continuation of the bullish trend.