Bitcoin St Nupl Nupl Indicator is not appropriate: $ 137K can cause great sales
Bitcoin traded under $ 120,000 after a new achievement of $ 123,200 on Monday. Small Vellback is considered by many investors as a healthy integration of the key requirements, rather than a sign of weakness. Bullish pressure remains strong, strong technology supports Marolly continuing in the nearest term.
On-chain data from Cryptiquant adds confidence to the Bullish view. From July 17, 2025, temporary profits / shortage of profit / loss (SHT NUPL) Metric Metric lives at 13%, slowly down from 16% when Bitcoin lasts begins. This shows that most of the short-term owners are planning some profitability, but not at the worst levels that are familiar with the imaginary thoughts.
A combination of stable pricing and health-health-health points in the market are still working on higher construction processes, rather than extract. With the factor and altcoins and detects the power and a wider, the Bitcoin is well organized by its greatest passage.
Bitcoin Room signature to repeat
According to a senior Adel Adler analer, Bitcoin still has an important room for running before accessing overall guess. In the past macro cycles, Adror notes that the temporary metric profits / loss (SHT NUPL) up to 25% lower meters between eupherry between short term. At that time, many investors are starting to take great profits, usually causing loss of spray or broad adjustment across the market.
From July 17, 2025, Sth Nupl standing at 13%, indicating that the poorest profits between short-term owners remain moderately. Based on current Dynamics, Adler estimates that this cohort is accessing 25% of income, Bitcoin will require breaking over $ 137,000. Such a price level now indicates a trigger point that may be sold in large numbers – the mental and the on-chain limit that can reduce the variable or pause.
Until then, information suggests the continuation of the Bullish pricing without fear of taking advantage of profits as soon as possible. This comes in important time, as the US Congress continues to deliberately trick three Cryptocurrency Credit Credit Debt during a Crypto timeliness. “After refusing proposals two days ago, the following may reduce the controlling uncertainty.
Bitcoin grabs the main support between the height of the volume rising
The 12-hour chart shows a bittcoin under $ 120,000 after you put the top 103,200. Despite short returns, the BTC remains in a powerful drug building, well-trading more than all the best measurements: 50 SMA for $ 118,602, 100 SMA for $ 102,178. These standards are now working as powerful support centers, promoting power in the ongoing course.
Most notably, the volume is severely postponed to the last few sessions, the walls returned backwards that goes back with all the highest movement and subsequent corrections. This volume exchanges suggests the work of high market, which may indicate the mixing of import and new resurrection from traders to prioritize.
So far, the combination seems to be healthy. As long as Bitcoin holds over a short period of short-term and $ 109,300, the market structure likes bulls. The clean repayment of $ 120K can open the way to another attempt to arise new, likely to be directed to $ 130k region $ 137k.
Picture entered from Dall-e, chart from TradingView Sell
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