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Bitcoin, the undisputed king of cryptocurrencies, has always been a subject of intense speculation and volatile price swings.While recent times have seen significant fluctuations, including a pullback from its all-time high, the underlying sentiment remains largely bullish.Is the Bitcoin bull run over? Bitcoin s (BTC) price is down 6.5% over the last seven days and is currently trading 10% below its all-time high of $73,835 reached on March 14. BTC/USD daily chart. Source: TradingView DespiteAbsolutely not!Despite temporary dips and market corrections, several compelling factors suggest that Bitcoin is primed for further price appreciation. Explore if BTC price will drop below $100K after yesterday's crash that liquidated more than $1 billion worth of positions. Bitcoin crashed to $100,000 due to low implied volatility and potential liquidity shift. Technical analysis shows key levels at $100.3K, $99.9K, and $105.3K-$105.8K. Failure toFrom dwindling Bitcoin reserves on exchanges, which could trigger a supply shock, to favorable macroeconomic conditions and promising technical indicators, the stars are aligning for another leg up in this ongoing bull market.Even with recent volatility in the Bitcoin ETFs, with initial price increases followed by pullbacks, the long-term outlook remains robust.This article will delve into three core reasons why Bitcoin is still due further BTC price upside, offering insights for both seasoned investors and those new to the world of crypto.We'll explore on-chain data, market sentiment, and technical analysis to provide a comprehensive perspective on Bitcoin's potential trajectory. 3 Reasons why Bitcoin is still due further BTC price upsideBitcoin is keeping the bull market alive and well despite ETF volatility failing to offer a definiGet ready to uncover the underlying forces that could propel Bitcoin to new heights.

1. Last month, Bitcoin (CRYPTO: BTC) reached a new all-time high of $111,970. Even after a small pullback, the leading cryptocurrency is still up 13% this year, while the S P 500 has gained just 1.6%.Decreasing Bitcoin Supply on Exchanges: A Potential Supply Shock

One of the most compelling reasons to believe in further Bitcoin price upside lies in the shrinking supply of Bitcoin available on cryptocurrency exchanges.This phenomenon, often referred to as a supply shock, occurs when the readily available supply of an asset decreases significantly while demand remains constant or increases. Bitcoin (CRYPTO: BTC) is exhibiting strong bullish momentum, with analysts projecting a potential upside target of $122,000, as macroeconomic conditions and technical indicat 3 Reasons WhyThe implications for Bitcoin are profound.

The Numbers Speak Volumes

Recent data reveals a significant reduction in Bitcoin balances held on exchanges.For example, reports indicate that BTC balances on exchanges decreased by 13% over the six months preceding February 2026, plummeting from 3.1 million BTC to a six-year low of 2.67 million BTC. As the United States spot Bitcoin exchange-traded funds (ETFs) saw their first day of trading, BTC/USD in turn went up nearly $3,000 and then down even more. While initially promising, Bitcoin ultimately lacked the momentum needed to beat out sellside pressure as it neared the $50,000 mark for the first time since December 2025.To put that into perspective, that's hundreds of thousands of Bitcoins being removed from the accessible market. BTC price action continues to struggle with overhead resistance near $50,000 amid increasingly volatile conditions. For traders, however, there is reason to believe that patience is all that is needed in order for more significant price moves to enter.This decline in supply directly correlates with a 62% surge in BTC's price during the same period, reinforcing the fundamental principle of supply and demand.

Why is this happening? Bitcoin price today trades around $93K after crashing 14% from its ATH of $108,421.8, with investors being skeptical about what comes next. However, this article explores how January 2025 could trigger a massive uptrend for BTC prices.There are several key factors contributing to this trend:

• Long-Term Holding (Hodling): Many Bitcoin investors are adopting a long-term investment strategy, choosing to hold their Bitcoin rather than actively trade it.They believe in Bitcoin's long-term potential as a store of value and are less inclined to sell during short-term price fluctuations.
• Institutional Accumulation: Institutions are increasingly entering the Bitcoin market, recognizing its potential as an asset class.These institutions tend to accumulate Bitcoin and hold it in cold storage, further reducing the supply available on exchanges.
• Decentralized Finance (DeFi): The rise of DeFi platforms allows users to lock up their Bitcoin in smart contracts for various purposes, such as lending and yield farming. Less and less Bitcoin on exchanges. One factor supporting Bitcoin s upside is the decreasing supply on exchanges. BTC balances on exchanges decreased by 13% over the last six months, from 3.1 million BTC on Aug. 9, 2025, to a six-year low of 2.67 million BTC on Feb. 5. This drop accompanies a 62% rise in BTC s price over the same period.This process removes Bitcoin from circulation, further tightening the supply.
• Bitcoin ETFs: Spot Bitcoin ETFs are accumulating Bitcoin and holding it in their treasuries, dramatically reducing the available supply on exchanges.

The reduced supply on exchanges creates a more competitive environment for buyers.As demand for Bitcoin remains strong or even increases, the scarcity of available coins on exchanges can drive the price upward significantly.Imagine a scenario where a large institutional investor wants to acquire a substantial amount of Bitcoin. The first reason why the Bitcoin price may bounce back this year is that market sentiment has worsened, pushing many investors to remain on the sidelines. The fear and greed index has moved to the fear zone of 25, while the number of active Bitcoin addresses has dropped in the past few days.If the supply on exchanges is limited, they would need to offer higher prices to incentivize existing holders to sell, ultimately pushing the overall price higher.

What Does This Mean for Investors?

The decreasing supply on exchanges serves as a strong indicator of potential future price appreciation for Bitcoin.Investors should closely monitor the amount of Bitcoin held on exchanges as a key metric for gauging the health of the Bitcoin market.If the trend of declining supply continues, it could create a powerful catalyst for further BTC price upside. 3 Reasons why Bitcoin is still due further BTC price upside Bitcoin is keeping the bull market alive and well despite ETF volatility failing to offer a definitive BTC price breakout for now.For long-term holders, this reinforces the wisdom of their strategy.For those considering entering the market, it underscores the potential for future gains.

2. Bitcoin s options data appears confluent with the perspective that further price upside could be in store and suggests a potential extension of last week s gamma event culminating with BTCMacroeconomic Conditions and Market Sentiment

Beyond the technical aspects of supply and demand, the broader macroeconomic environment and shifts in market sentiment play a crucial role in shaping Bitcoin's price trajectory. Bitcoin price expected to skyrocket in January 2025 due to favorable market conditions. FTX's $16 billion claims payout to propel BTC higher and boost crypto markets. MicroStrategy continues aggressive BTC buying spree, fueling bullish sentiment. Bitcoin s (BTC) lack of directional bias can beExternal factors, such as inflation, interest rates, and global economic uncertainty, can significantly impact investor behavior and, consequently, the demand for Bitcoin.

Bitcoin as a Hedge Against Inflation

One of the primary narratives surrounding Bitcoin is its potential as a hedge against inflation.Unlike traditional fiat currencies, which can be printed at will by central banks, Bitcoin has a fixed supply of 21 million coins.This scarcity makes it an attractive alternative for investors seeking to preserve their wealth during periods of high inflation. XRP has strong fundamentals and genuine use cases. The XRP price prediction of $5 price target is valid based on adoption, legal progress, and whale action. But smart investors often hedge risk. Unilabs offers that hedge, with a better upside. Its presale is live now. That means entry prices stay low for only a short time.As fiat currencies lose purchasing power, the demand for Bitcoin, with its limited supply, tends to increase, driving up its price.

Recent economic data reveals persistent inflationary pressures in many countries. 3 Reasons why Bitcoin is still due further BTC price upsideThis environment encourages investors to seek alternative assets that can maintain their value. Bitcoin price resumed its upward trend this week as it crossed the important resistance at $97,000 and reached its highest level since February. Bitcoin was trading around $96,500 at last check Saturday. That s up 30% from the lowest in April.Bitcoin, with its perceived scarcity and decentralized nature, fits the bill for many. From on-chain data to supply shocks and a reset of derivatives markets, the stars are aligning for the next leg up in the ongoing Bitcoin bull market. Cointelegraph takes a look at theseWhen inflation rises, investors often flock to assets that are seen as safe havens, and Bitcoin is increasingly being viewed as one of those assets. Bitcoin (BTC) price is down 1.85% over the last 24 hours and currently trades 17% below its all-time high of $73,835 reached on March 14. BTC/USD daily chart. Source: TradingView Despite thisThis increased demand, driven by inflationary concerns, can contribute to significant price appreciation for Bitcoin.

The Impact of Interest Rates

Interest rate policies also have a significant impact on Bitcoin's price. Bitcoin s bull flag points to more upside. Despite the BTC price drop earlier this week, a bull flag can be seen on the weekly chart, which hints at the continuation of the uptrend. BitcoinWhen interest rates are low, investors are less incentivized to hold cash or bonds, as the returns are minimal.This encourages them to seek higher-yielding assets, such as Bitcoin.Conversely, when interest rates rise, investors may be more inclined to move their funds into cash or bonds, reducing the demand for Bitcoin and potentially leading to a price decline.

The current environment of relatively low interest rates in many countries continues to support the case for Bitcoin.Investors are seeking opportunities to generate higher returns, and Bitcoin, despite its volatility, offers the potential for significant gains.As long as interest rates remain low, Bitcoin is likely to continue to attract investors seeking alternative investment options.

Market Sentiment: Fear and Greed

Market sentiment, often measured by indicators like the Fear and Greed Index, can also influence Bitcoin's price.When the market is dominated by fear, investors tend to sell their Bitcoin, leading to price declines. Bitcoin BINANCE:BTCUSD briefly saw new 2025 highs this week, but ultimately failed to break out of its range is the bull run over?BTC price action continues to struggle with overhead resistance near $50,000 amid increasingly volatile conditions.For traders, however, there is reason to believe thaConversely, when the market is driven by greed, investors tend to buy Bitcoin, pushing the price higher.

While fear can create short-term selling pressure, it can also present opportunities for savvy investors to accumulate Bitcoin at lower prices. Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing Featured Image from Unsplash Chart from TradingView.com Price Tags: xbtusd, btcusd, btcusdt 2 Key Reasons Why Bitcoin Bulls Expect Further UpsideIn fact, periods of extreme fear often precede significant price rallies. Bitcoin BTC/USD is exhibiting strong bullish momentum, with analysts projecting a potential upside target of $122,000, as macroeconomic conditions and technical indicators align favorably.The key is to understand the underlying fundamentals of Bitcoin and to remain confident in its long-term potential, even during periods of market volatility. Bitcoin is currently holding above $98,000, with several technical and onchain metrics pointing to a further upside for BTC in the short term. BTC/USD daily chart. Source: Cointelegraph/ TradingViewThe Fear and Greed Index has been known to move into the fear zone when prices correct. 3 reasons why Bitcoin is still due further BTC price upside cointelegraph.comSome sources have noted that when the index moves to the fear zone, many investors remain on the sidelines.

Monitoring macroeconomic conditions and market sentiment is crucial for understanding the broader context in which Bitcoin operates.By analyzing these factors, investors can gain valuable insights into potential future price movements and make more informed investment decisions.Understanding that Bitcoin might function as a hedge against economic inflation is important to understanding the long-term investment strategy of many holders of Bitcoin.

3.Technical Indicators and Chart Patterns

Technical analysis plays a vital role in predicting potential price movements of Bitcoin.By analyzing historical price data, trading volume, and various technical indicators, traders and investors can identify patterns and trends that may suggest future price direction.Several technical indicators currently point to further upside for Bitcoin.

Bull Flags and Trend Continuation

One such indicator is the bull flag pattern, which is a bullish continuation pattern that suggests the uptrend is likely to resume after a period of consolidation.A bull flag typically forms after a strong upward move, followed by a period of sideways or downward price action that resembles a flag.This consolidation phase is often seen as a temporary pause before the price continues its upward trajectory.

The existence of a bull flag on Bitcoin's weekly chart suggests that the recent price pullback may be a temporary phenomenon and that the uptrend is likely to continue.Traders often look for a breakout above the upper trendline of the bull flag as a confirmation signal to enter long positions.This breakout suggests that the consolidation phase is over and that the price is ready to resume its upward climb.

Key Support and Resistance Levels

Identifying key support and resistance levels is another essential aspect of technical analysis.Support levels are price levels where buyers are likely to step in and prevent further price declines.Resistance levels, on the other hand, are price levels where sellers are likely to emerge and prevent further price increases.

Bitcoin's ability to hold above certain key support levels is a positive sign for bulls.As long as the price remains above these levels, the uptrend is likely to remain intact.Conversely, breaking through key resistance levels can signal a strong bullish move and pave the way for further price appreciation.

Technical analysis can also give insight into key potential upside targets.Some analysts have projected a potential upside target of $122,000, as macroeconomic conditions and technical indicators align favorably.While price targets are not guaranteed, this bullish projection should instill further confidence in Bitcoin's potential for price appreciation.

Moving Averages and Trend Lines

Moving averages and trend lines are also valuable tools for identifying the overall trend and potential areas of support and resistance.A moving average is a calculation that averages out the price of an asset over a specific period, helping to smooth out short-term price fluctuations and reveal the underlying trend.

When Bitcoin's price is trading above its moving averages, it is generally considered to be in an uptrend.Conversely, when the price is trading below its moving averages, it is considered to be in a downtrend.Trend lines are lines drawn on a chart connecting a series of highs or lows, helping to visualize the direction of the trend.

By analyzing moving averages and trend lines, traders can gain a better understanding of the overall trend and identify potential areas of support and resistance.These tools can help them make more informed decisions about when to buy or sell Bitcoin.

While technical analysis is not foolproof, it provides valuable insights into potential price movements.By combining technical indicators with fundamental analysis and an understanding of macroeconomic conditions, investors can increase their chances of making successful Bitcoin investments.

Potential Risks and Considerations

While the factors discussed above point to potential further upside for Bitcoin, it's crucial to acknowledge the inherent risks and uncertainties associated with investing in cryptocurrencies.Bitcoin is a volatile asset, and its price can be subject to significant fluctuations.It's important for investors to be aware of these risks and to invest responsibly.

• Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is constantly evolving.Changes in regulations could have a significant impact on Bitcoin's price and adoption.
• Competition from Other Cryptocurrencies: Bitcoin faces competition from other cryptocurrencies, some of which may offer faster transaction speeds or more advanced features.
• Security Risks: Bitcoin exchanges and wallets are vulnerable to hacking and theft.Investors should take precautions to protect their Bitcoin holdings.
• Market Volatility: Bitcoin's price can be highly volatile, and investors should be prepared for significant price swings.

Before investing in Bitcoin, it's essential to do your own research and to understand the risks involved.Consult with a financial advisor if necessary.Never invest more than you can afford to lose.

Frequently Asked Questions About Bitcoin's Future Price

Will Bitcoin reach $100,000 by the end of the year?

The possibility of Bitcoin reaching $100,000 by the end of the year is a topic of much debate among analysts.While several factors support a bullish outlook, including decreasing supply on exchanges and favorable macroeconomic conditions, the inherent volatility of the cryptocurrency market makes it impossible to predict with certainty.Continued institutional adoption, positive regulatory developments, and sustained demand could all contribute to Bitcoin reaching this milestone.

Is Bitcoin a good long-term investment?

Whether Bitcoin is a good long-term investment depends on individual risk tolerance and investment goals.Bitcoin's limited supply and increasing adoption suggest potential for long-term growth.However, its volatility and regulatory uncertainty pose risks.Diversification and careful consideration of one's financial situation are essential before investing.

What factors could trigger a Bitcoin price crash?

Several factors could trigger a Bitcoin price crash, including negative regulatory announcements, major security breaches, a significant decrease in demand, or a global economic recession.Overleveraged positions in the market could also amplify price declines.Monitoring these factors and exercising caution are crucial for mitigating potential losses.

How do Bitcoin ETFs affect the price of Bitcoin?

Bitcoin ETFs can significantly impact the price of Bitcoin by increasing accessibility and demand.ETFs allow investors to gain exposure to Bitcoin without directly owning it, making it easier for institutional and retail investors to participate in the market.Increased demand from ETFs can drive the price of Bitcoin higher, while ETF outflows can exert downward pressure.

Conclusion: The Bull Run May Just Be Getting Started

In conclusion, while Bitcoin has experienced its share of volatility, the underlying factors supporting further BTC price upside remain strong.The decreasing supply on exchanges, driven by long-term holding, institutional accumulation, and the rise of DeFi, creates a potential supply shock that could drive prices higher.Favorable macroeconomic conditions, such as inflation and low interest rates, further support the case for Bitcoin as a store of value.Finally, technical indicators, such as bull flag patterns and key support levels, suggest that the uptrend is likely to continue.Keep an eye on these key metrics.

While risks and uncertainties remain, the overall outlook for Bitcoin remains positive.For those willing to navigate the volatility and understand the underlying fundamentals, Bitcoin presents a compelling investment opportunity.As with any investment, it's essential to do your own research, invest responsibly, and consult with a financial advisor if necessary.The bull run might have its dips, but the conditions suggest that Bitcoin could still be due for a significant and substantial upside.Keep an eye on Bitcoin and plan accordingly.