<ul data-eligibleForWebStory="false"><li>Bitcoin is indicating a potential breakout with a target of $117,000, supported by on-chain metrics and technical analysis.</li><li>Short-Term Holder (STH) cost basis and Market Value to Realized Value (MVRV) ratio point towards a bullish setup, signaling a potential rally towards $117,000.</li><li>Key resistance is at $110,000, and breaking this level could lead to a surge towards $130,000, as technical chart patterns indicate a bullish breakout.</li><li>Bitcoin has been consolidating in a range between $78,000 and $110,000 since January, and with momentum building, a breakout to new highs seems probable.</li></ul>

Bitcoin Eyes Breakout With Strong Upside Target at 117,000

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