{"id":23508,"date":"2025-04-29T15:38:33","date_gmt":"2025-04-29T12:38:33","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoins-euphoria-phase-could-propel-it-to-115000\/"},"modified":"2025-04-29T15:38:33","modified_gmt":"2025-04-29T12:38:33","slug":"bitcoins-euphoria-phase-could-propel-it-to-115000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoins-euphoria-phase-could-propel-it-to-115000\/","title":{"rendered":"Bitcoin&#8217;s &#8220;Euphoria Phase&#8221; Could Propel It to $115,000"},"content":{"rendered":"<p>Breaking the psychological barrier of $100,000 could pave the way for digital gold to reach new all-time highs in the range of $110,000-$115,000, according to market expert Crypto Caesar.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> \u2014 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>: See you at new ATH\u2019s. Green support level is for max buying. <a href=\"https:\/\/t.co\/iaRVGvmqyh\">pic.twitter.com\/iaRVGvmqyh<\/a><\/p>\n<p>\u2014 Crypto Caesar (@CryptoCaesarTA) <a href=\"https:\/\/twitter.com\/CryptoCaesarTA\/status\/1916808234595242425?ref_src=twsrc%5Etfw\">April 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He believes the support range of $89,000\u2013$90,000 is ideal for active buying and is intended to limit potential price dips for bitcoin.\u00a0<\/p>\n<p>The area below, $70,000\u2013$72,000, remains &#8220;untapped&#8221; for now. It coincides with a diagonal support line that could play a key role if a deeper correction occurs.<\/p>\n<h2 class=\"wp-block-heading\">&#8220;Euphoria Territory&#8221;<\/h2>\n<p>The increasing share of bitcoins purchased at lower prices indicates an approach to a &#8220;historical level of euphoria,&#8221; shared CryptoQuant analyst Darkfost.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"cryptoquant_official\/2966\" data-width=\"100%\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Of course, there are levels that can be considered more &#8216;comfortable&#8217; than others, but overall, the growth in the share of supply in profit usually fuels bullish phases,&#8221; noted the expert.<\/cite><\/p><\/blockquote>\n<p>According to his observations, the mentioned indicator has once again exceeded 85%, which is &#8220;quite positive.&#8221; During the <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-tumbles-below-75000\">previous correction<\/a>, the metric fell to almost 75%.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;This is a relatively low level, corresponding to the global average value (normal distribution), which is a critical threshold,&#8221; explained Darkfost.<\/cite><\/p><\/blockquote>\n<p>He stated that falling below this value could lead to mass profit-taking &#8220;or even trigger a wave of capitulation.&#8221;<\/p>\n<h2 class=\"wp-block-heading\">Is There Room for Decline?<\/h2>\n<p>Darkfost also noted that in past market cycles, the lower extremes of &#8220;profitable&#8221; bitcoin supply reached 45-50% \u2014 corresponding to the &#8220;deep bear market phase.&#8221;<\/p>\n<p>He mentioned that reaching the 90% level traditionally signifies entry into the &#8220;euphoria zone.&#8221; This is usually followed by widespread <span data-descr=\"fear of missing out\" class=\"old_tooltip\">FOMO<\/span>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;However, such periods can be short-lived and are often accompanied by short- or medium-term corrections,&#8221; warned the technical analyst.<\/cite><\/p><\/blockquote>\n<p>At the time of writing, digital gold is trading <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\">at $95,100<\/a> \u2014 12.8% below the <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> reached on January 20.<\/p>\n<p>As reported, CryptoQuant researchers <a href=\"https:\/\/forklog.com\/en\/news\/cryptoquant-observes-awakening-of-dormant-bitcoins\">observed<\/a> the activation of 62,800 BTC, which had been dormant for over seven years.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breaking the psychological barrier of $100,000 could pave the way for digital gold to reach new all-time highs in the range of $110,000-$115,000, according to market expert Crypto Caesar.<\/p>\n","protected":false},"author":1,"featured_media":23507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1145,1268,1253],"class_list":["post-23508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-market-analysis","tag-on-chain-analysis","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"110","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23508"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23507"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}