As Bitcoin (BTC) nears its all-time high, sentiment around BTC’s price trend is showing signs of softening. Indicators such as the DMI and NUPL point to reduced buying intensity, suggesting a possible consolidation or minor correction before any further moves upward.
BTC DMI Shows Shifts in Market Sentiment
The BTC Directional Movement Index (DMI) reflects recent sentiment changes. BTC’s ADX—a metric that gauges trend strength—has dropped to 29.26, down from over 40 just days ago. Generally, an ADX above 25 points to a strong trend, while anything under 20 suggests a weak or nonexistent trend. With BTC’s ADX decreasing, the uptrend momentum appears to be weakening.
In the DMI chart, BTC’s +DI (D+) line, which reflects buying strength, now sits at 20.6, while the -DI (D-) line, showing selling pressure, has moved up to 24.5. This recent shift indicates that sellers currently have a slight edge over buyers, a reversal from a few days ago when buying pressure far outweighed selling.
BTC NUPL: Caution Among Investors
Bitcoin’s Net Unrealized Profit/Loss (NUPL) metric, which gauges market sentiment, currently reads 0.529, slightly lower than last week’s 0.546. This dip signals a modest reduction in unrealized profit, likely due to recent profit-taking. Although the NUPL remains positive—showing that most holders are still in profit—this level suggests a more cautious outlook among investors, contrasting with the past euphoric peaks seen in previous cycles.
BTC Price Prediction: Consolidation or Correction Before New Highs?
Bitcoin’s short-term exponential moving averages (EMAs) remain above the long-term EMAs, a configuration indicating a bullish trend. However, the narrowing gap between these EMAs shows that upward momentum has recently slowed.
If BTC can regain its uptrend strength, it may push toward new highs above $73,618. On the downside, if the current support level at $65,503 fails, Bitcoin’s price could correct further, potentially down to $62,043—a possible 11.4% pullback.
As BTC hovers close to its peak, the coming weeks may bring either a new price milestone or a temporary dip, depending on market sentiment and buying strength.
