When Will Bitcoin Reach a New ATH? The Long-Term Holding Trend of $BTC Provides New Insights

The largest digital asset, Bitcoin, has once again become the center of attention as it trades slightly below its recent all-time high. Notably, many market participants are raising new questions about the future of this world's leading cryptocurrency. Long-Term Bitcoin Holders Start Selling Bitcoin recently reached a new all-time high of $111,980 but has slightly decreased, currently trading around $106,708. Interestingly, as the market fluctuates around this level, investor behavior begins to change. An important change comes from long-term holders, often known for their stable HODLing. New data shows that these holders are starting to sell. This is measured by a metric called Bitcoin Liveliness, which has now risen to its highest level in nearly four years.

This change is very important because long-term holders often bring stability to the market. When they start moving their assets, it signals a shift in sentiment. The selling by these holders often marks a turning point. Their actions can lead to increased volatility, especially when combined with the cautious sentiment that is spreading across the market. Adding to the uncertainty is the behavior of new Bitcoin addresses. Earlier this month, the growth of new addresses showed promise, indicating renewed interest from new investors. In response to this positive price volatility, we reported that American entrepreneur Robert Kiyosaki recently encouraged investors to invest in physical gold, silver, and Bitcoin (BTC). However, recently, the price fluctuations and this increase have reversed. The current market chart shows a sharp decline in the creation of new wallets. This decline implies that there are fewer new participants entering this space and some current participants may be exiting. Based on market sentiment, this slowdown in Bitcoin address activity and long-term holders choosing to take profits paints a cautious picture. It indicates a pause in the upward momentum, at least for now. This does not mean a collapse, but it raises questions about how quickly Bitcoin can rebound or surpass its recent peak. In addition, in line with the current outlook of the BTC market, CNF recently reported that JPMorgan's CEO, Jamie Dimon, stated that his bank will allow customers to purchase Bitcoin on the bank's Investor Day. Price Near ATH But Must Face Important Resistance Levels Bitcoin is still less than 5% away from its all-time high, but the road ahead is not guaranteed. As we noted earlier in the article, cryptocurrency analyst Ali Martinez shared that there is a potential liquidation of 23.47 million dollars if BTC retests the level of 106,268 dollars. The next few days will be very important based on the general perception. There may be further declines if the price falls below the key support level of $106,265. Analysts point to the possibility of a drop to $105,000 or even $102,734 if the sell-off continues. Currently, CoinMarketCap data shows that Bitcoin is trading at $109,858.38, up 2.39%. However, if Bitcoin maintains its current level and buyers come back, the price could recover quickly. Breaking through the resistance level of $110,000 will set the stage for another rally beyond $111,980. This makes the coming days crucial for both short-term traders and long-term watchers. However, a previous report by CNF highlighted that Raoul Pal, the founder of Real Vision and a respected financial analyst, shared a confident forecast about Bitcoin (BTC). Pal stated that this leading cryptocurrency could rise above $140,000 by July 2025. The behavior of long-term BTC holders remains a crucial clue for Bitcoin's next move.