This Historical Recurrence Suggests Bitcoin Price May Not Slip Below $110,000

Bitcoin is attempting a recovery after recent volatility, with prices stabilizing above key support levels.  The crypto king is benefiting from steadier market conditions, though signs point toward a phase of consolidation rather than an extended rally. Historical trends suggest Bitcoin may be entering a familiar cooling-off period. Bitcoin Risk Is Reducing The supply quantiles risk indicator highlights this development. Bitcoin’s mid-August rally to new highs marked the third multi-month euphoric phase of this cycle, defined by surging momentum that placed nearly all supply in profit. This behavior is reflected by the 0.95 quantile cost basis, where 95% of supply holds unrealized gains. The latest euphoric phase lasted about 3.5 months before demand showed exhaustion. At present, Bitcoin trades between…