Bitcoin Near Key Resistance

Bitcoin analysts are watching several on-chain signals closely as bitcoin approaches a major resistance area. Recent shifts in the MVRV ratio show that bitcoin holders are gaining confidence after months of caution. Momentum indicators suggest that bitcoin might be entering another expansion phase if current trends continue. Analysts report that almost the entire bitcoin supply is now in profit, which creates both excitement and caution among traders.

From late 2024 to late 2025, bitcoin prices moved between sixty and one hundred ten thousand dollars while the ratio that tracks unrealized gains on bitcoin floated between one point six and two point eight. In March 2025 bitcoin briefly dipped, but a quick rebound in April and May pushed bitcoin back into a neutral range. Through the summer, bitcoin and its MVRV readings stayed close to yearly averages with little clarity. Early October, however, saw bitcoin jump from an MVRV reading of one point nine to two point four, showing that bitcoin appetite returned.

Another analyst noted that more than ninety-nine percent of bitcoin in circulation is profitable right now. When so many bitcoin holders sit on gains, selling pressure can appear quickly, though the current ratio is still under extreme zones. Historically, when bitcoin traders see high profitability, short pauses or small corrections often follow. The real question is whether bitcoin will keep rising or face a brief cooldown.

Key resistance sits in the one hundred thousand to one hundred ten thousand band where bitcoin stalled before. If bitcoin continues building strength, it could challenge those levels again. Yet previous patterns indicate that when bitcoin enthusiasm overheats, temporary pullbacks are common before the next move.