Since November 21, Bitcoin (BTC) has hovered near the $100,000 mark but hasn’t hit it, with BeInCrypto attributing this to increased realized profits.

Recent data shows that profit-taking activity has slowed. What does this mean for Bitcoin’s price?

Bitcoin Holders Step Back from Booking Gains

Data from Glassnode shows that Bitcoin realized profits surged to $10.58 million on Thursday, November 21. However, as of this writing, the value has dropped to $1.58 million, a $9 million difference.

As the name implies, realized profit is the value of coins sold after their price has increased. Therefore, when this metric rises, it becomes challenging for the cryptocurrency’s price to continue its rally.

However, since the realized profit has dropped, most BTC holders have halted selling in large volumes. If this trend continues, Bitcoin’s price could bounce and probably rise to the $100,000 milestone.

This sentiment is further supported by the Coins Holding Time metric, which tracks how long a cryptocurrency has been held without being transacted or sold.

When the Coins Holding Time decreases, it means holders of a particular crypto are selling. If this continues, the trend becomes bearish. However, over the last seven days, BTC Coins Holding Time has increased by 65%.

This increment reinforces the bias by the Bitcoin realized profit that selling pressure has decreased. Interestingly, IT Tech, an analyst on CryptoQuant, agrees with the thesis that Bitcoin might continue to climb.

“The green bars showing STH selling in profit have yet to reach levels seen during the previous $72,400 peak. This suggests that profit-taking pressure hasn’t peaked, leaving room for further upward movement in price,” IT Tech said.

BTC Price Prediction: $102, 500 Seems Close

On the daily chart, BTC continues to trade within an ascending channel, suggesting that it has the potential to climb higher. 

BeInCrypto also observed that the Supetrend indicator has remained bullish. The Supertrend is a technical indicator used to spot the direction in which an asset moves. 

If the red part of the indicator is above the price, the trend is downward, and the price can decrease. However, since the green area is below the price, the value might rise above $99,780. If that were the case, Bitcoin’s price might climb to $102,500.

On the other hand, if Bitcoin realized profits surge again, this might not happen. Instead, the value could decline to $84,466.

Hedera (HBAR) price has shown impressive growth, climbing 21.43% in the past seven days and a remarkable 172.58% over the last month. This surge is supported by a bullish trend in its EMA lines, with short-term lines above the long-term ones, indicating sustained upward momentum.

However, caution is warranted as both the Ichimoku Cloud and DMI charts highlight signs of potential trend reversal. If bearish momentum takes over, HBAR could face a significant correction, testing critical support levels at $0.117 and potentially falling as low as $0.053.

HBAR Current Uptrend Is Still Strong

Hedera DMI chart highlights an ADX value of 52, signaling a strong market trend. The ADX, or Average Directional Index, measures the strength of a trend, with values above 25 indicating a significant trend and values above 40 signaling an exceptionally strong one.

An ADX at 52 suggests that the current trend, whether upward or downward, is firmly established and unlikely to weaken soon. Importantly, this value has remained above 40 since November 14, showing sustained market momentum.

Currently, HBAR’s D+ stands at 27.2, and D- at 14.4, reflecting that the prevailing trend is upward. However, the decreasing D+ alongside a sharp increase in D- indicates a potential weakening of the uptrend. This divergence suggests growing selling pressure, which could eventually challenge the bullish dominance if it continues.

While the trend remains strong for now, the interplay between D+ and D- highlights a critical phase for Hedera, where market sentiment may shift if the bearish momentum gains further traction.

Ichimoku Cloud Shows Caution Is Needed

Based on the Ichimoku Cloud chart for HBAR, the price is trading near the Kijun-Sen (orange line) and Tenkan-Sen (blue line), indicating a consolidation phase. The flat nature of the Kijun-Sen suggests a lack of strong directional momentum, while the cloud (Senkou Span A and B) below the price acts as a support zone.

The green cloud indicates bullish sentiment in the mid-term, but the price’s struggle to stay above the Kijun-Sen highlights uncertainty.

If HBAR price maintains support above the cloud, it could attempt a bullish reversal. The next resistance will be around the Tenkan-Sen and the recent high.

However, a breakdown below the cloud could signal bearish momentum, potentially targeting lower levels. The thinning cloud toward the end of the chart also suggests weakening support, making this a critical phase for HBAR trend direction.

HBAR Price Prediction: A 62% Correction After The Recent Surge?

HBAR EMA lines display a bullish trend, with short-term lines positioned above the long-term ones, signaling strong upward momentum.

The token has surged 21.43% in the past seven days. If the uptrend persists, it could challenge resistance at $0.157 and $0.1711. This bullish sentiment reflects sustained buying pressure, keeping the price on an upward trajectory.

However, indicators like the Ichimoku Cloud and DMI suggest a potential trend reversal. Should the trend shift bearish, HBAR price is likely to test support at $0.117, a critical level for maintaining its momentum.

If this support fails, the price could plummet to $0.053, marking a significant 62% correction.

Stellar (XLM) has been steadily gaining momentum in recent days, currently trading at $0.52 — a 127% increase over the past week.

Strengthening buying pressure is pushing XLM closer to reclaiming its all-time high of $0.91, which it last reached in January 2018.

Stellar’s Uptrend Continues To Strengthen

XLM’s rising open interest indicates heightened market activity and confirms strong investor confidence. On Saturday, the token’s open interest climbed to an all-time high of $291 million. 

Open interest measures the total number of outstanding contracts in the futures or options market that have not been settled or closed. When it climbs during a price rally, it indicates that new money is entering the market. This reinforces the upward price movement and signals strong market conviction. 

This trend in the XLM market suggests that traders are increasingly confident in the sustainability of its rally, which may drive its price higher.

Furthermore, readings from its Average Directional Index (ADX) confirm this bullish outlook. As of this writing, XLM’s ADX is in an upward trend at 68.93.

The ADX measures the strength of a market trend, ranging from 0 to 100. An ADX reading of 68 indicates an extremely strong uptrend. This high value suggests that XLM’s current trend is likely to persist.

XLM Price Prediction: Token May Rally Toward All-Time High

XLM is currently trading just below a key resistance level at $0.58. Breaking through this critical price point could pave the way for a surge to $0.71. Sustained buying momentum at this level may position XLM to reclaim its all-time high of $0.91.

However, if buyer exhaustion sets in, XLM’s price will fall toward support at $0.47, invalidating this bullish outlook.