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Amid the ongoing bearish market, the Bitcoin short-term holder profitability is facing a key test once again. Bitcoin's short-term holder spent output profit ratio (STH-SOPR) is hovering around the breakeven level of 1.0, according to the latest data from Glassnode. Historically, this threshold has acted as a momentum confirmation point. Specifically, a successful break above …

Bitcoin is currently trading within consolidation phase, but veteran trader Peter Brandt has identified when the asset could secure a breakout. In his latest analysis, the market veteran highlighted the importance of this structured price action and pointed to an upcoming critical moment for Bitcoin between Feb. 24 and 26. Notably, his analysis suggests that this …