Long-term holders have added over 1.4M BTC in under three months, reaching a total of about 14.6M BTC, indicating strong conviction in Bitcoin's future.
Bitcoin's Coinbase Premium streak has hit 20 days, reflecting robust U.S. investor demand and a positive outlook for Bitcoin's price.
A bullish triangle breakout pattern projects a target of $118K as Bitcoin maintains key support levels around $106K-$104K, with a positive trend in on-chain data and technical analysis.
Bitcoin is currently priced near $106,500, showing promising signs for an upward breakout despite cautious market sentiments, with Ethereum and some altcoins experiencing notable increases.