NEWSLETTER
The price of bitcoin has found to return above the $ 85,000 brand, marking great success in recovering the last fall of the currency towards $ 74,000. According to an analyst in the chain, this recent correction may not be as ominous as it was initially thought and could be part of a broader bull cycle.
Can the btc price reach a new historical maximum in this cycle?
A pseudonym analyst Shayanbtc, in a Fast publication On the Cryptoquant platform, he shared new ideas about the current bitcoin market dynamics and the most recent price setback implications. This evaluation is based on the limit of the age bands of non -spent transactions (UTXO), which analyzes the tenure pattern of different investor cohorts.
The metric of the age bands of Utxo traces the average price to which bitcoin holders bought their coins compared to how long the assets have had. In the last analysis of Shayanbtc, the relevant age bands are cohorts from 3 to 6 months and 6 – 12 months.
According to Cryptoquant data, the percentage of currencies held by this kind of investors has constantly increased. ShayanbTC said that this increase seems similar to the accumulation patterns observed during prolonged correction in the summer months of 2024.
<img src="https://technicalterrence.com/wp-content/uploads/2025/04/Bitcoin39s-last-delay-at-74000-as-39healthy-correction39-the.png" alt="bitcoin” />
The Quicktake analyst said this pattern points to a “retention trend”, where investors from 3 to 6 months and 6 – 12 months do not download their assets despite the correction of the current market. “As more coins move in the hands of long -term holders, the available circulating supply is reduced, increasing bitcoin's shortage,” Shayanbtc added.
From a historical point of view, these supply limitations could be a positive catalyst for solid price manifestations, especially when combined with a new demand. According to ShayanbTC, this market dynamic could prepare the stage for prices discovery and boost bitcoin's price to new historical maximums.
In addition, the Quicktake analyst believes that, with the current structure in the chain, there is a reduced probability that the bitcoin market is currently at the beginning of a season of bears. On the other hand, the current reduction seems to be a healthy correction within a broader bullish cycle.
bitcoin price at a glance
The price of bitcoin seems to be building a bullish impulse, briefly crossing the $ 86,000 in the early hours of Sunday, April 13. At the time of writing this, the price of btc is around $ 85,200, which reflects an increase of more than 2% in the last 24 hours. According to Coingcko data, the main cryptocurrency has increased by approximately 2% in the last seven days.
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