Bitcoin’s ongoing price surge in 2025 is exhibiting historically low selling pressure, diverging from past bull markets where exchange inflows typically surged before price corrections. This anomaly suggests the current market behavior represents a healthier technical correction rather than a trend reversal.
Long-term indicators continue to support a bullish trajectory, with Bitcoin trading near $117,830 as both the 30-day and 365-day moving averages maintain upward momentum. The market structure indicates potential consolidation rather than distribution, reducing typical top-formation concerns.
Technical analysis identifies crucial thresholds, with $115,955 acting as primary support and $124,041 serving as immediate resistance near the upper Bollinger Band. The Relative Strength Index holds in neutral territory, showing no immediate overbought conditions that preceded past pullbacks.
Key levels warranting monitoring include the psychological $120,000 barrier and the $124,041 resistance point for potential retests of record highs. Conversely, sustained trading below $115,000 could signal directional change. Analysts recommend tracking the Flow Pulse indicator for unusual selling activity, which historically predates notable price adjustments.