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Bitcoin (BTC) is showing signs of cooling off after failing to break the $120,000 resistance level. Analysts suggest this could set the stage for a potential rally later in 2025, with some predicting a new peak near $150,000.
- Bitcoin's short-term overheating phase is easing, with reduced activity among holders of 1-day to 1-week BTC.
- Analysts compare current conditions to previous overheating phases in 2024-2025, noting a shorter and milder correction this time.
- Key indicators like Bollinger Bands and RSI suggest Bitcoin may be consolidating before a potential breakout.
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