Bitcoin is showing resilience in a bullish market, and analysts at CryptoQuant expect its further growth to $130,000 — this level is seen as a key zone for profit-taking by investors.
This is reported by Business • Media
Market Stability and Signals for Investors
According to the analytical company CryptoQuant, Bitcoin continues to maintain an upward trend despite a slowdown in growth over the past few weeks. Experts note the preservation of market balance and identify the $130,000 mark as significant for short-term players, where investors are advised to partially take profits.
“Bitcoin is in a state of equilibrium with the potential to rise to $130,000”.
Currently, the price of Bitcoin stands at $119,668, which is 10% higher than the recent local minimum of $108,652 recorded last weekend. Analysts believe this dynamic indicates a rapid market recovery after downturns and sustained high interest from investors in the digital asset.
Technical Indicators and Market Patterns
CryptoQuant analyst Axel Adler notes that the current price of Bitcoin is moving within the STH-MVRV corridor — an indicator that measures the profitability of short-term holders. The upper boundary of this range is around $130,000, which experts believe is ideal for traders to take partial profits.
According to Adler, investors are actively using local pullback movements to enter the market, which contributes to the formation of a healthy trading structure and supports bullish momentum. This strategy strengthens expectations for further Bitcoin growth if the current trend continues.
Another CryptoQuant expert, known by the nickname Crypto Dan, also confirms that positive momentum in the market is maintained. He emphasizes that the slow nature of the rise is not a sign of weakness; rather, it corresponds to typical Bitcoin behavior patterns before a phase of acceleration.
Additionally, Crypto Dan reminds us that in previous cycles, the final stages of rallies were often accompanied by a decrease in the share of coins held by long-term holders, as “old” investors took profits and new capital entered the market. This provided additional liquidity and contributed to reaching historical highs in Bitcoin’s value.
According to analysts’ forecasts, Bitcoin has every reason to continue its upward movement, and the $130,000 area remains key for short-term traders planning to take profits.
It is worth noting that on the night of October 2-3, Bitcoin already surpassed the $121,000 level, while Ethereum reached $4,500, demonstrating sustained investor interest in the cryptocurrency market.