Bitcoin go fit face sideways trading as analyst tok say buying momentum dey weak because pipo dey cash out.
One well-known on-chain analyst, Willy Woo, don give one soft-soft talk about Bitcoin, showing us say long-term e get good good signs, but short-term e no dey sure. Before before, analysis don show say plenty money dey to buy and say the risk dey go down, meaning say Bitcoin go continue to dey climb. But now, Woo don notice say the power of the recent climb dey reduce and say investors no really dey buy plenty new new coins again. The market don see say latecomers dey open plenty long positions and people dey cash out their profit, and SOPR (Spent Output Profit Ratio) data don confirm say plenty profit fit happen. All these things fit make Bitcoin price go down small for short time or just siddon for one place. Woo come emphasize say if new money no enter the market, Bitcoin price fit just dey waka for one range even though long-term holders dey very sure about am. For crypto traders, the main thing be to dey watch how market people dey feel and all the on-chain data, and to really focus on new buying pressure as the main sign for any new upward movement.
Neutral
Bitcoin now dey show gentle balance between long-term good signs—like strong belief from people wey hold am for long time—and short-term wahala, like buying power wey dey reduce, people wey dey comot profit, and no new money dey flow in. On-chain data show say even though risk don improve, price go fit climb up only if new money enter market. If new buying no happen, Bitcoin fit just sit down for one place or just dey move sideways, as e dey show with plenty SOPR activity and people dey comot profit. So, even though long-term future still good, immediate effect on price na neutral, traders go need to watch out for new money wey enter to show say e fit break out.