Bitcoin faced significant selling pressure above the 100,000 level. dollars, thanks to which the market leader is trying to regain dynamics. Following a stellar rally, BTC is currently testing its ability to overcome critical resistance as traders and traders remain cautious about the stock’s near-term trajectory.
Top analyst Axel Adler recently shared his insights on X, highlighting key indicators that suggest the market is entering a cooling phase. According to Adler, the Block P/L Count Ratio model – a metric that tracks profits and losses in each block on the BTC network – shows a gradual decline in activity as profits are realized. This change was caused by investors securing maximum profits of PLN 90,000-100,000. dollars, signaling a potential slowdown after the frenzy of growth.
The current market environment reflects a mix of optimism and hesitation as BTC consolidates near its psychological resistance. Although the overall sentiment remains cautiously bullish, cooling market dynamics may prolong the consolidation phase.
As Bitcoin struggles to overcome this critical barrier, the next few days will be crucial in determining its direction. Regardless of whether BTC manages to exceed 100,000. dollars or decides to pursue longer consolidation, its results will likely set the tone for the broader cryptocurrency market.
Bitcoin Risks
Bitcoin’s struggle to regain the $100,000 mark has left the market leader at a crossroads. While the price is showing resilience, each day spent below this critical level raises questions about the strength of the bullish structure. To confirm further growth, BTC must break through and stay above 100,000. dollars, signaling renewed confidence in the market.
Axel Adler recently shared critical observations about Xshedding featherlight on the current market dynamics. Adler’s analysis focuses on the Block P/L Count Ratio model, a key metric that tracks profit and loss activity within each 10-minute Bitcoin block. The data shows that after investors locked in maximum profits at the level of PLN 90,000-100,000. dollars, this indicator dropped significantly, from levels above 100 thousand. to 159. This acute decline suggests a cooling market as trading activity slows and participants reassess their positions.
Adler notes that the amount of time BTC will spend at these levels depends largely on demand. If buying pressure continues to stagnate, it may be complex for the market to maintain its current valuation, increasing the risk of a deeper correction. Conversely, a surge in demand could quickly push BTC back above 100,000. dollars, reigniting the upward trend.
The coming days will be crucial in determining the direction of Bitcoin. Definite recovery of the amount of PLN 100,000. dollars would strengthen its bullish prospects, while prolonged consolidation below that value could test investor confidence. As investors monitor these developments, Bitcoin’s ability to navigate this key phase will likely shape the trajectory of the broader cryptocurrency market.
Fighting below key moving average
Bitcoin is currently trading below the critical 4-hour 200 moving average at $98,208, a key level that needs to be reclaimed to confirm a bullish structure. This mark has become a significant resistance point and the price appears to be marking a lower high in the main liquidity range between 108,000. dollars and 92 thousand dollars. This signals the potential for further declines if momentum does not change soon.

The $98,208 level is crucial for Bitcoin’s short-term trajectory. Failure to break above this moving average could indicate that bearish pressure remains dominant, potentially pushing the price towards lower demand zones closer to 92k. dollars. Such a move would undermine the broader bullish narrative and test investor confidence.
For the bulls to regain control, BTC must definitely break above the 100,000 level in the coming days. dollars. A successful move above this psychological and technical level would likely trigger a forceful rally, attracting renewed buyer interest and strengthening the bullish structure.
Featured image from Dall-E, chart from TradingView