Bitcoin NUPL Points To Prolonged Bull Market Structure: Third Peak Forming?

Description

Bitcoin reached a historic milestone today, touching $124,500 and setting a new all-time high that initially fueled hopes of a strong bullish continuation. The breakout above previous resistance levels ignited optimism among traders and investors, who saw it as a potential launchpad for the next leg of the rally. However, the euphoria was short-lived — BTC quickly retraced to $121,500, sparking debate about whether the market could be on the verge of a deeper correction. According to data from C...