Bitcoin in overhang mode: Ready for the next ascent?

Bitcoin in overhang mode: Ready for the next ascent?

On October 6, 2025, the co-founders of Glassnode, Jan Happel and Yann Allenan (Negentropic) report on a promising, bullish signal for Bitcoin (BTC). This signal is similar to that, which was observed in April 2025 in front of a number of market gains. Bitcoin has currently reached the "oversold" (oversold) terrain, which may indicate an upcoming recovery.

It is important to note that the market fell in April after announcing US tariffs under Donald Trump's presidency. However, current analyzes indicate that the macroeconomic conditions are still optimistic of Bitcoin. The analysts recommend showing patience and warning against taking excessive leverage. The fundamental data that shape the Bitcoin market landscape remain intact.

Negative crowd content and resistance in the community

Although the sentiment of the masses is currently negative, this could indicate a possible local soil formation. Experts emphasize that signs of resistance within the Bitcoin community are important to enable an increase in the price. This level of resistance is considered potential support for future developments.

However, there are also warnings: the bullish trend could be invalidated if Bitcoin falls below the $111,400 level. This price represents the current Short-Term Holder (STH) cost base and is an important on-chain metric. Sustained trading below this level could indicate a shift to a medium to long-term bearish market.

Bitcoin is currently being traded at $ 112.291, which remains unchanged during the day. The analysts advise caution and recommend watching developments closely. While the markets master various challenges, the long -term view of Bitcoin remains of interest to dealers and investors.

For further details and analyzes on this topic, please visit the articles from Daily Hodl.