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Bitcoin (BTC) Price: Historical UTXO Patterns Signal Potential Break Above $100,000

  • Bitcoin's price surged past $93,000, marking a 10% increase in 24 hours following the announcement of a US crypto strategic reserve.
  • Bitcoin is currently in the third corrective phase of its bullish cycle that began in 2023, according to UTXO Age Bands analysis.
  • Historical patterns suggest 2-3 months of consolidation between $80,000 and $100,000 before a potential breakout.
  • MVRV Z-Score cooling indicates the possibility of a rapid upward movement similar to the early 2024 surge.

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