As Bitcoin's sale pressure fades, could a local fund be formed? Analyst explains

According to an x <a target="_blank" href="https://x.com/ali_charts/status/1892911146094461029″ target=”_blank” rel=”nofollow”>mail By cryptographic analyst Ali Martínez, bitcoin (btc) is a decrease in the pressure on the sale side, indicating that a local background can be formed soon for the main cryptocurrency.

bitcoin Bottom on the horizon?

bitcoin continues to operate just below the psychologically significant level of $ 100,000, around $ 98,650 at the time of writing. However, the upper cryptocurrency for market capitalization is to witness a remarkable drop in the pressure on the sale.

Related reading

Martínez shared the following bitcoin sales risk relationship table of the Analytics Analytics Glassnode Analytics platform, highlighting a strong decrease in metric since mid -January 2025. This fall suggests that btc can be forming a local price fund, which can lead to a new phase of accumulation.

For those who are not familiar, a sales risk ratio in decline generally indicates that investors cling to their btc instead of selling, indicating the early stages of a phase of accumulation where prices can stabilize or begin to increase .

Martínez's analysis aligns with the broader theories of the crypto market cycle, which suggests that market funds are often followed by a phase of accumulation. This phase, in turn, paves the way for a possible price increase.

However, btc must maintain the previous key support levels to confirm this perspective. Rekt Capital cryptographic analyst <a target="_blank" href="https://x.com/rektcapital/status/1892573331745824906″ target=”_blank” rel=”nofollow”>heavy In bitcoin's price action, emphasizing the importance of a weekly closure above $ 97,000 to maintain its greatest support.

The analyst shared a weekly bitcoin graphic, noting that while btc has seen multiple wicks under its symmetrical triangle structure, the general bullish pattern remains intact. However, not closing above $ 97,000 within the weekly term could increase the risk of greater inconvenience.

Similarly, the companion analyst Daan crypto Trades shared a bullish perspective, noting that btc recently had a “solid rest” of a descending channel structure. The analyst <a target="_blank" href="https://x.com/DaanCrypto/status/1892894090791948306″ target=”_blank” rel=”nofollow”>aggregate:

I just need to see the continuation on the weekend to get a good base next week. $ 98k is short -term key.

Is btc prepared for a new maximum of all time?

While Martínez suggests that btc may be forming a local background, other analysts believe that cryptocurrency is gear A movement of more than $ 108,000, potentially reaching a new historical maximum (ATH). Kevin analyst, for example, predicted that a short presentation could boost btc to $ 111,000.

Related reading

Similarly, Rekt Capital's recent analysis highlights That btc shows early signs of a bullish divergence that could break the impulse of the bearish price of the digital asset. At the time of publication, btc quotes $ 98,650, 0.1% more in the last 24 hours.

Unspash's prominent image, x and TrainingView.com graphics