Bitcoin shows early bull signs but must break key resistance to confirm rally

Bitcoin's short-term holders are consistently selling at a profit, indicated by the STH-SOPR metric holding above 1.0, signaling improving market sentiment. However, a critical resistance level known as the STH Realized Price remains unbroken, which is necessary for confirming a full bull market. Analysts warn that failure to surpass this price could lead investors to hedge their positions, while sustained movement above it would confirm a bullish trend. Investors should watch Bitcoin's price action closely before making major moves.