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Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback

The crypto market rally continues, but analysts are on the fence about whether BTC and ETH will slip back into range or push closer to higher-timeframe resistance levels.

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bitcoin
Bitcoin (BTC) $ 19,548.49
ethereum
Ethereum (ETH) $ 1,343.71
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 0.490234
dogecoin
Dogecoin (DOGE) $ 0.060816
polkadot
Polkadot (DOT) $ 6.48
binance-usd
Binance USD (BUSD) $ 0.998807
uniswap
Uniswap (UNI) $ 6.42
litecoin
Litecoin (LTC) $ 53.83
bitcoin-cash
Bitcoin Cash (BCH) $ 116.64
solana
Solana (SOL) $ 34.58
chainlink
Chainlink (LINK) $ 7.85
stellar
Stellar (XLM) $ 0.115369
shiba-inu
Shiba Inu (SHIB) $ 0.000011