Bitcoin needs a fresh catalyst to maintain upward momentum, according to Glassnode. If prices remain below 117,100 USD, deeper corrections could occur.
With the current trading price around 110,840 USD, increased profit-taking highlights potential demand exhaustion. However, ETF inflows remain positive.
Looking ahead, Hyblock Capital forecasts a volatile month with price fluctuations between 116,000 USD and 120,000 USD, while some analysts speculate Bitcoin could reach 150,000 USD by the end of 2025.
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