Bitcoin's price hovers at a crucial level, indicating the potential for further upward movement.The average cost of short-term Bitcoin holders holds significance in determining the next price trend.Bitcoin needs to reclaim the $62.5K level to regain momentum.Social sentiment around Bitcoin reaches a peak, possibly influenced by a documentary speculating on Peter Todd's identity as Satoshi Nakamoto.Significant outflows from crypto exchanges suggest increasing demand for holding Bitcoin off-exchange.