<ul data-eligibleForWebStory="false"><li>Bitcoin reached a new all-time high above $112,000, leading to increased optimism among investors and a potential breakout into price discovery.</li><li>Analysts have differing views on whether this rally is sustainable, with some calling for caution and warning of a possible retracement.</li><li>HODL Momentum, an on-chain signal, is trending downwards, indicating fewer long-term holders are selling during this rally, which is viewed as a bullish sign.</li><li>Bitcoin is currently consolidating below the $112,000 resistance level, with bullish momentum but awaiting a decisive breakout. Positive macroeconomic developments and strong on-chain data add to the optimistic outlook.</li></ul>

Bitcoin HODL Momentum Drops: Long-Term Conviction Builds

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