<ul data-eligibleForWebStory="false"><li>Bitcoin's 50-week moving average is serving as strong support, suggesting a bullish continuation.</li><li>Trader Mags anticipates Bitcoin may break $112K and potentially rally towards $130,000 or more based on historical data.</li><li>Significant on-chain activity reveals over 19,400 dormant BTC worth $2.11B transferred into institutional wallets, indicating accumulation.</li><li>Despite bullish indicators, short-term pressure persists as Cumulative Volume Delta (CVD) remains negative, indicating ongoing short-selling.</li></ul>

Is the Bitcoin Bull Run Over or Just Getting Started?

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