The cryptocurrency market today has shown a minor uptick of 0.22% to the current milestone at $3.43 trillion. Trading activity remains strong, with the volume at $129 billion, which has surged 19.59% overnight. Talking about sentiments of marketers, the Fear & Greed Index stands at a greed driven score of 68. However, the Altcoin Season Index at 23/100 indicates that Bitcoin remains the dominant force in the market.

While Bitcoin continues to hold a firm grip on the market, the short-term volatility still puzzles not one but many. In this analysis, we see how Bitcoin has been doing behind the scenes, that is, onchain wise, and also explore Bitcoin price analysis for the short-term.

Smart DCA and Holder Cost Basis Reflect Bullish Strength?

As per the analysis by Axel, the ongoing Bitcoin bull cycle has seen a clear execution of the Smart Dollar-Cost Averaging (DCA) strategy. All four buy triggers identified through cost-basis analysis have led to positive returns on investment, justifying the effectiveness of DCA in volatile markets. He highlights that the toughest buy point was Trigger #1, executed near the bear market bottom at $16k.

Recent data from CryptoQuant further supports this bullish structure. Since Bitcoin reached the $97k mark, the realized cost basis for both short-term and long-term holders has started to climb higher. In particular, the 7-day rate of change for long-term holders has hit a cycle high, signaling strong conviction and reduced profit-taking from experienced investors. 

Bitcoin Price Analysis

Bitcoin price today is at $108,969.44, with a 0.16% daily and 1.45% weekly gain. The market cap stands at $2.16 trillion, backed by a 24-hour volume of $53.17 billion. Intraday price fluctuations remain tight, with a low of $108,445.43 and a high of $110,744.21. 

Technical indicators from the 4H chart show the RSI hovering around 49.85, reflecting a neutral momentum, while the price trades near the SMA-9, hinting at short-term consolidation before the next directional move. That being said, we can expect a move toward a new ATH around $113k, after a clean close above the current all-time high.

If you are a hodler, you cannot miss out on our Bitcoin (BTC) price prediction 2025, 2026-2030!

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