{"content":"📈 BTC Momentum Builds — On-Chain Signals Point to Further Upside On-chain data shows that the top cryptocurrency's bullish momentum is far from ended even if Bitcoin (BTC) seems to have halted around the mid-$100,000 level. Recently reaching a new all-time high (ATH) of $111,980, BTC has attracted some crypto experts to project much more near-term values. The NRPL chart shows the scope of realized losses and gains by market players selling Bitcoin. Usually signaling the continuance of a positive trend, a somewhat low NRPL during price rises usually indicates little profit-taking. The present degree of profit realization is underlined in the chart by a red box at rightmost range. Although the current price increase might set off a brief downturn, the degree of actual gains does not point to the conclusion of the continuous rising cycle. According to Dan: This wave of profit-taking is quite small when compared to the NRPL increases at prior cycle peaks. Particularly in relation to the movements at the highs in March and November 2024, the present degree of profit realization is clearly lower. Dan came to the conclusion that there is no obvious trend reversal indicated by the present degree of profit-taking. Rather, Bitcoin is expected to keep rising, maybe aiming for amounts over $120,000 in the next weeks. Some market observers remain wary even with the optimism. With Bitcoin in danger of falling below the $100,000 mark, noted crypto expert Ali Martinez recently said that the present price behavior of the asset might be a bull trap. A bull trap, to the uninitiated, is when an asset momentarily breaks over a well-defined resistance range, causing traders to feel a breakout is happening, only to rapidly reverse and fall back below the resistance level. Usually, this action lures long positions before selling them because the price returns into the prior range. #MarketPullback #CEXvsDEX101 #TradingTypes101 #TrumpTariffs #PCEMarketWatch $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/31/a7d6efe517924df1aad6beb4bc5d972e.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}