- Bitcoin’s aNUPL suggests a bullish market without signs of overheating.
- The $98K price level acts as a key support and resistance zone for Bitcoin.
- Kiyosaki views potential Bitcoin price crash as an opportunity to accumulate.
Bitcoin remains in a phase of confidence, but analysts suggest it has yet to enter the euphoria stage. Axel Adler Jr., a market analyst, notes that the adjusted Net Unrealized Profit/Loss (aNUPL) indicator shows Bitcoin maintaining a bullish trajectory without overheating. The indicator remains below the critical threshold of 0.7–0.8, signaling that while optimism is present, extreme speculative enthusiasm has not yet taken hold.
Bitcoin Market Stability and Support Levels
Bitcoin’s aNUPL value hovers around 0.4, reflecting a moderate level of accumulated profit. This is significantly lower than the peak levels seen in 2017 and 2021, when excessive optimism drove the indicator above 0.7.
Source: X
The market remains in a strong position, with data from Glassnode indicating that over the past 45 days, a significant amount of Bitcoin has exchanged hands within the $94,000–$101,000 range. This has created a dense supply cluster near $98,000.
The longer Bitcoin’s price consolidates within this range, the stronger this zone will act as a support level during market corrections. Additionally, in the event of a rally, this range could serve as resistance. Analysts suggest that Bitcoin’s ability to hold this level will play a key role in determining its next major move.
Potential Market Impact from Economic Policies
Robert Kiyosaki, a well-known investor and author, predicts a possible market downturn as new economic policies come into effect. With the introduction of tariffs under former President Donald Trump’s policies, Kiyosaki foresees a decline in the prices of Bitcoin, gold, and silver. Bitcoin has already experienced a 2% dip, currently trading at $102,183.
Despite the potential downturn, Kiyosaki views price crashes as opportunities. He believes asset price declines provide a chance for accumulation and wealth-building. He has expressed intentions to purchase more Bitcoin if the price drops further, emphasizing that market crashes often lead to discounted buying opportunities.
The US National Debt and Bitcoin’s Role
The growing US national debt remains a pressing issue, now surpassing $36.4 trillion. While Trump previously suggested integrating Bitcoin into national reserves or even using it to offset debt, the feasibility of such a move remains uncertain.
Newly appointed Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, aims to curb excessive government spending and mitigate further debt accumulation.
