The price of Bitcoins was above the brand worth 85,000 USD, which means a huge success in recovering from the latest decrease in the coin in the direction of 74,000 USD. According to the analyst in the chain, this recent correction may not be as ominous as initially thought and can be part of a wider bull cycle.

Can the BTC price reach a novel level of all time in this cycle?

Analyst with the nickname Shayanbtc, v Quick post On the Kryptochant platform, he divided fresh observations about the current dynamics of the Bitcoin market and the consequences of the latest price withdrawal. This assessment is based on realized age bands of incapable transaction products (UTXO), which analyzes the storage pattern of various cohorts of investors.

UTXO age teams follow the average price, after which Bitcoin owners bought their coins compared to how long the assets maintain. In the latest ShayanBTC analysis, the appropriate age bands are 3-6 months and 6 – 12 months.

According to Cryptochan data, the percentage of coins held by this class is constantly growing. Shayanbtc noticed that this climbing seems similar to accumulation patterns observed during prolonged correction in the summer months of 2024.

The Quicktake analyst noticed that this model indicates a “maintenance trend” in which investors 3-6 months and 6 – 12 months do not release their assets despite the current market correction. “As more and more coins are moving into the hands of long -term owners, the available circulating supply shrinks, increasing Bitcoin deficiency,” added Shayanbtc.

From a historical point of view, the restriction of supply can be a positive catalyst for solid price rallies, especially in combination with fresh demand. According to Shayanbtc, this market dynamics can prepare the ground for the discovery of prices and drive the price of bitcoins to the novel highest all time.

In addition, the Quicktake analyst believes that with the current structure on the chain there is a reduced probability that the Bitcoin market is currently at the beginning of the bear season. Instead, constant payments seem to be a hearty correction in a wider cycle.

Bitcoin price at first glance

The price of bitcoins seems to build a stubborn shoot, briefly exceeding $ 86,000 in the early hours of Sunday, April 13. From this letter, the price of BTC is around USD 85,200, reflecting an augment of over 2% in the last 24 hours. According to Coingecko data, the most crucial cryptocurrency has increased by about 2% in the last seven days.