Bitcoin’s supply in profit has surged to 98%, indicating high bullish sentiment. Analysts predict a potential price target of 200,000 USD by the end of 2025, contingent on continued demand. However, historical data suggests this level of profitability may precede market volatility due to profit-taking.
The current market reflects cautious optimism, with traders and institutional investors positioning for a possible breakthrough. As Bitcoin forms higher highs and higher lows, analysts suggest a breakout from a multi-year channel could propel BTC significantly higher.
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