Bitcoin Faces Short-Term Correction, Long-Term Outlook Remains Bullish

Bitcoin (BTCUSD)

Fundamental Analysis

Bitcoin is holding around $109,000 after several days of ranging between $106,200 and $111,800. Despite increasing profit-taking pressure from miners, on-chain data shows that “diamond hands” are actively accumulating—long-term holders have added 300,000 BTC in just 20 days.

The Long-Term Holder (LTH) spending indicator has dropped to its lowest level since September 2024—a signal that previously preceded a 96% rally. Experts believe that if the pattern repeats, BTC could advance toward the $200,000 zone. Confidence from long-term investors is reinforcing a strong accumulation trend.

Technical Analysis

BTC is currently in a correction phase after failing to hold the resistance zone around $109,000–$112,000.The short-term price structure shows lower highs, indicating weakening momentum, and the price is now retesting dynamic support areas.

Trading volume has slightly increased during recent down sessions, suggesting that selling pressure is dominating in the short term. RSI is at 47.25 — neutral but slightly weak, reflecting a lack of bullish momentum at this stage.

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