In the past 24 hours, Bitcoin's price has seen significant swings, briefly reaching $100,000 before dropping again, reflecting market uncertainty and short-term volatility. However, long-term stability is being supported by mature investors who are holding onto their positions.

The RHODL ratio, which measures the wealth held in coins older than three months, is lower in this cycle compared to previous ones, suggesting bursts of new demand rather than sustained inflows. The current cycle has taken an atypical trajectory, with Bitcoin reaching a new all-time high in March 2024 but demand not matching past rallies. This deviation raises questions about the future of the cycle.

Realized volatility has decreased in this cycle, indicating a more structured price action and a more stable market environment due to mature investors. Bitcoin's current trajectory shows gradual price increases rather than extreme swings seen in previous cycles.

Although Bitcoin's long-term outlook is uncertain due to short-term volatility, the immediate forecast indicates vulnerability to correction. If Bitcoin loses key support levels, it may drop further, potentially triggering selling pressure and extending the correction. However, if it bounces off support, Bitcoin could reclaim $100,000 and potentially start an uptrend.



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