CoinVoice recently learned that Cryptoquant analysts released a report saying that according to historical data, the price of Bitcoin is currently in a key psychological turning point area, between optimism and pessimism. Market participants form optimistic or pessimistic views based on whether they are profitable. As long as Bitcoin remains in this range, it indicates that a sharp drop is unlikely.
Historical data shows that maintaining stability in key areas is essential for the continuation of the bull market. Specifically, the "profitable supply" indicator, which reflects periods of investor profitability, shows that optimism tends to rise when a large portion of the supply is profitable. Bitcoin's current price level is testing this optimistic zone. [Original link]
