Bitcoin Poised to Flip Bullish — Only One Threshold Stands in the Way

Bitcoin’s recent rebound whispers of strength, but the narrative isn’t settled yet. As the market claws its way back from the abyss, one pivotal level looms as the gatekeeper: surpassing $125,800 in a convincing fashion may well mark the moment when the trend changes gears from cautious to boldly bullish.

The price remains threaded with tension. Though it has rebounded from deep lows, the architecture of resistance is still heavy—particularly just under the $119,200 ceiling. To even hint at a trend reversal, Bitcoin must first close decisively above $115,100 on daily charts. But that alone won’t be enough to convince the doubters. The real test begins at $125,800: break that cleanly, and the entire structure realigns.

Beneath these levels, on-chain metrics are nudging the story forward. The Net Unrealized Profit/Loss (NUPL) recently slipped to 0.50, the lowest since April—a sign that many sellers may have been shaken out already. The Holder Net Position Change, too, has eased its negative tilt as long-term holders slowly re-enter the market.

Still, the market remains skeptical. The pattern suggests Bitcoin is dancing inside a rising wedge: each step upward tests the upper boundary, each fall digs near the lower support at $111,100. A failure to press above $119,200 could invite renewed selling pressure. And if price falls beneath $111,100, deeper correction toward $104,500 might not just be possible—it might become inevitable.

In the end, the key inflection rests at $125,800. Clear that barrier, and what was tentative becomes transformational. Until then, the mood remains one of cautious optimism—ready to embrace a breakout, but unwilling to accept a false signal.

Source: BeInCrypto article “Bitcoin Price Turn Bullish Beyond This Level”