Bitcoin (BTC) Price Prediction: BTC to Surge Towards New All-Time Highs After Breaking Out of Consolidation

Bitcoin is trading around $97,000 after several days of heightened volatility and strong buying pressure, signaling renewed momentum in the crypto market.

Bitcoin (BTC) price is testing critical resistance around the $98,000-$100,000 zone after several days of heightened volatility and strong buying pressure, signaling renewed momentum in the crypto market.

After months of selling pressure, consolidation, and macro-driven uncertainty, bulls have managed to take complete control, pushing BTC back toward its cycle highs and hinting at a potential breakout.

The price structure has flipped bullish across multiple timeframes, and traders are now watching closely for a clean push above the $98K-$100K resistance zone.

On-chain data from CryptoQuant analyst "Delta" is highlighting a key metric that could indicate profit-taking levels. According to the analysis, the “Delta” is used to measure how far Bitcoin’s market cap is above the average price at which coins last changed hands.

According to Adler, historical patterns over the last four years demonstrate that once Delta reaches the 170% level, investors typically begin offloading their positions.

Currently, the metric stands at around 112%, meaning a 58 percentage point rise could herald the next round of selling pressure as the market surges toward new highs.

"It's a leading indicator of when we might see some selling emerge," Adler notes.

For now, the trend clearly favors the bulls as buying momentum remains strong, corrections appear to be behind them, and technical structure favors continuation, especially if the $92,000 level holds.

A decisive move above $98K and, importantly, $100K could open the door for Bitcoin to enter a new expansion phase.

However, with Delta climbing and macro risks still present, traders should stay vigilant. The next move will be crucial in determining the trajectory of the market heading into the summer months.

Bitcoin faces a critical test as it struggles to reclaim the $100,000 psychological level.

After surging to $97K, bulls have shown signs of exhaustion, leading some analysts to call for a short-term retracement.

Despite this, there is still hope for the bullish case as long as BTC manages to stay above key support at $92K. This level has acted as a strong demand zone in recent weeks, and maintaining it could set the stage for another attempt to break through resistance.

The macro environment remains fluid, with global financial markets reacting to ongoing trade negotiations between the U.S. and China.

As the two nations continue to spar, their actions are having a knock-on effect on risk sentiment, keeping investors on edge even as crypto assets continue their ascent.

The post Bitcoin Could Face Profit-Taking As Delta Metric Soars, Warns CryptoQuant Analyst appeared first on CCXV.