<ul data-eligibleForWebStory="false"><li>Bitcoin is showing strength above key support levels as it prepares for a potential breakout into price discovery after failing to close above the all-time high of $112,000.</li><li>On-chain data from CryptoQuant indicates that the Binary Coin Days Destroyed (CDD) metric shows low activity among long-term holders, suggesting confidence in holding rather than selling.</li><li>Bitcoin's resilience above the $108,000 level and the inactive behavior of long-term holders indicate a constructive outlook, with a potential for entering uncharted territory if bullish momentum persists.</li><li>As Bitcoin consolidates below $112,000, analysts anticipate a bullish breakout, with the support at $106,000–$106,500 being defended by bulls and potential for price discovery if BTC breaches the $109,300 resistance level.</li></ul>

Bitcoin Binary CDD Confirms Long-Term Confidence: Strong HODLer Conviction

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