The recent decline in Bitcoin‘s price seems to mainly affect less experienced investors, while seasoned holders remain calm and keep their eyes on higher levels. Technical signals suggest that the path toward $150,000 is still open.

Key insights:

• The $124,500 record does not have to be the absolute cycle top; all 30 major indicators remain neutral.
• The recent losses show that new investors are selling their positions, while experienced holders continue to stay strong.
• Holding above the 20-week Exponential Moving Average (EMA) leaves room for potential further growth.

No reason to panic: the top has not been reached

Although Bitcoin‘s price recently dropped from its record level, nothing indicates that the peak of this cycle has already been reached. Historically, real tops often occur when the market shows multiple overheating signals. At this moment, most indicators remain neutral, leaving space for further upward movement.

Experienced holders remain calm

Data shows that new Bitcoin investors, holding their positions for less than a month, are on average facing small losses and are now selling. In contrast, the broader group of short-term holders (1 to 6 months) remains profitable.

This process helps to remove weaker hands from the market and strengthens the foundation for future growth. In short: those who stay resilient are more likely to benefit from the next market recovery.

Liquidations and market dynamics

Recently, around $70 million in long positions were liquidated after BTC briefly dropped below $111,000. These kinds of fluctuations make the market structurally healthier. With weak positions cleared, new support levels around $117,000–$118,000 may act as a magnet for a potential price recovery.

Bitcoin below $100K?

On the weekly chart, the current pullback looks more like a normal bull market correction rather than a true top. Since early 2023, BTC has seen several sharp declines of 20–30%, only to resume its upward trend afterward.

The current decline of about 12% is still above the 20-week EMA near $108,000. Historically, this level has provided strong support. A rebound from here could open the way for a new test of the record level around $125,500 and even further growth toward $150,000.

Disclaimer: This is not financial advice. Always conduct your own research and consider professional guidance.