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Bitcoin Still Has Room to Run, Say Analysts Watching On-Chain and Macro Trends

  • Analyst João Wedson shared data indicating increased movement from dormant wallets, a pattern observed before major rallies in 2017 and 2021.
  • Bitcoin remains above key on-chain cost basis models, hinting at a pre-euphoric phase despite rising market volatility.
  • Trader Pentoshi highlights retail impatience, emphasizing the long-term uptrend intact with higher highs being formed.
  • Key takeaways include rising on-chain activity, Bitcoin above cost models, retail frustration, and analysts advocating for patience amidst market movements.

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