Given the ongoing weakness in the broader market, Bitcoin is seeing waning price action, as the flagship asset remains confined within a price range. While the recent performance prevails, recent advancements from the Realized Cap Impulse metric reflect a continued robust bull market phase.Realized Cap Impulse Confirms Bitcoin Bull MarketBitcoin’s bearish price action may be pointing to a weakening bull market, but the Realized Cap Impulse metric tells a different story about the market. Presently, the key metric has increased sharply in light of waning price movements, suggesting that the bull market is still strong from an on-chain perspective.Alphractal, an advanced investment and on-chain data platform, reported the persistent advancement in the Bitcoin Realized Cap Impulse metric. A steady performance of this metric is an indication that the current cycle still has room for growth. Data from the on-chain platform reveals the metric is holding firm at key levels considered as the final base of support. Specifically, the resilience observed in this metric, which monitors the total cost base of the Bitcoin network, indicates that holders are maintaining their confidence despite ongoing price fluctuations. Furthermore, the indicator on an extended time frame provides lucid insights into supply and demand dynamics.As long as it remains above these key levels, it signals robust demand, which in turn supports upward price movements in the short and long-term outlook. With demand building even as the price wavers, the development could provide a base for the subsequent leg up.According to Alphractal, the realized cap impulse is expected to keep increasing for the next few months, particularly until October. However, the platform believes that this might be the final significant move before a protracted bearish cycle begins, which might persist for roughly a year, concluding at the end of 2026.A Correction Is Healthy For BTCIn an X post shared by On-Chain College, a crypto analyst, BTC could witness a sharp decline before experiencing a major rally, underlining the most crucial support level. The analyst stated that key levels for Bitcoin are converging around $95,000, indicating solid support at that level if considering the previous three times these levels have merged.While it is possible for BTC to retest the $95,000 mark, On-Chain College believes that a move down to this level would be quite healthy and normal in the ongoing bull market. As a result, the analyst contends that BTC would recover from the drop and rally to the $125,000 milestone in the short term.At the time of writing, Bitcoin was trading at $105,427, demonstrating a 0.21% increase in the last 24 hours. The slight increase is being met by growing bearish sentiment, as indicated by an over 8% decrease in trading volume in the past day.