Bitcoin has recently faced volatility in its price trajectory, struggling to maintain above $90,000.
Current Price Volatility
Bitcoin's attempt to break through the $90,000 resistance level was rejected, pushing the asset back toward the 100-day moving average. The declining trading volume indicates a lack of buying pressure.
Hints of Declining ROI
The 1460-day running ROI chart is on a downward trajectory, which may significantly impact future Bitcoin price movements. The long-term ROI steadily declines, indicating reduced profitability for long-term holders.
Investor Outlook
Investor enthusiasm may be tempered if Bitcoin's ROI approaches 1.0, signaling a breakeven point for long-term holders. However, such low ROI levels have often been accumulation points before significant price spikes.
A reversal toward $100,000 remains possible if Bitcoin can hold resistance above $85,000 and breach significant resistance at $90,000.
