The sustained Bitcoin price surge appears to be waning after three consecutive months of gains, with market analysis revealing declining momentum.
Market participants report diminishing buying pressure as short-term holders actively secure profits. These traders, who initially acquired Bitcoin below the $80,000 threshold, are now capitalizing on recent price appreciation.
Observers note that this widespread profit-taking activity represents a significant headwind to continued upward movement. Such market behavior typically creates resistance against further price appreciation in the near term.
The development marks a notable shift in trader sentiment following an extended bullish period, indicating potential consolidation ahead as market dynamics recalibrate.