menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Bitcoin Lo...
source image

TronWeekly

1d

read

370

img
dot

Image Credit: TronWeekly

Bitcoin Long-Term Holders Add 1.4M BTC as Price Holds Above $106K with Bullish Divergence

  • 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.

Read Full Article

like

22 Likes

For uninterrupted reading, download the app