Bitcoin’s on-chain metrics are painting a bullish picture despite recent price consolidation around $105,000, with the Realized Cap Impulse metric showing remarkable strength that suggests the current bull market remains firmly intact.
Key Realized Cap Metrics Signal Continued Strength
While Bitcoin’s price action has shown signs of weakness lately, key on-chain metrics suggest strong support levels remain intact. The Realized Cap Impulse, a critical indicator tracking the Bitcoin network’s total cost basis, has maintained firm positioning at crucial support levels despite recent market turbulence.
According to data from Alphractal, an advanced on-chain analytics platform, the Realized Cap Impulse metric is demonstrating persistent strength – a key signal that typically precedes continued upward price movement. This metric’s resilience suggests substantial underlying demand for Bitcoin, even as prices consolidate.
Short-Term Correction Could Precede Major Rally
While the overall trend remains bullish, analysts are noting the possibility of a healthy correction. On-Chain College, a prominent crypto analyst, suggests Bitcoin could see a pullback to the $95,000 support zone before continuing its upward trajectory. This aligns with recent analysis of key resistance levels around $105,000.
Looking Ahead: Key Price Targets and Timeline
The Realized Cap Impulse is expected to maintain its upward trajectory through October 2025, potentially driving Bitcoin toward the $125,000 level. However, Alphractal warns this could be the final major move before a prolonged bearish cycle beginning in late 2025.
FAQ Section
What is the Bitcoin Realized Cap Impulse?
The Realized Cap Impulse is an on-chain metric that measures changes in Bitcoin’s total cost basis, providing insights into market participant behavior and potential price trends.
What support levels should traders watch?
Key support levels are converging around $95,000, with additional technical support at $105,000. These levels are crucial for maintaining the current bull market structure.
When might the bull market end?
According to Alphractal’s analysis, the current bull phase could extend through October 2025 before transitioning into a bearish cycle lasting approximately one year.