Bitcoin collects to $ 113,000 is just the beginning, 130 thousand dollars is the following

Main meals:
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Bitcoin rose to 113,800 dollars as Onchain data shows 71 % in BTC Holdings of Accumulator.
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The Bitcoin MVRV scale indicates that achieving meaningful profits may not start until BTC reaches $ 130,900.
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An increase of $ 4.4 billion in the CAP achieved from the BTC concrete investment activity instead of a ranging gathering.
Bitcoin (BTCIt reached 113,800 dollars on Thursday, when a significant increase in the demand for accumulation addresses was noted. according to Data from CryptoquantThese titles were held collectively 248,000 BTC on Wednesday, which represents the highest annual level in the accumulation activity. The demand increased for 30 days for these addresses by 71 %, increasing from 148,000 BTC on June 22.
This level of demand has not been seen since December 20, when Bitcoin was traded at a price of $ 97,000, accumulated addresses reached the highest level ever of 278,000 BTC. The renewed accumulation rate at high price levels indicates that the condemnation of investors has not hesitated.
Bitcoin A momentum request It supports this view, which was sharply frequently recovered after matching 2024 lower than the fourth quarter. While the cumulative demand (which includes a declining sale) remains negative, the most prominent rapid recovery in the scale is that buyers have begun to confirm control. This dynamic refers to a strong basic interest in Spot BTC, where strategic accumulation outperforms the short -term sale.
Related: Bitcoin Treasury Companes gets a record of 159,107 BTC in Q2
Bitcoin traders are expected to delay profits
While the price discovery phase in Bitcoin is expected to continue, market analyst Axel Adler JR. It was identified The potential price level of profit. Adler JR. Until that when the market value reaches the achieved value (MVRV) to 2.75, it usually indicates the first central reflection point for distribution. The MVRV index compares the current market with the basis of the assembled cost of all BTC in trading.
Based on the current data, this threshold corresponds to the price of Bitcoin 130,900 dollars. Although this level may attract some sale, it is still 17 % higher than the current prices, indicating that the gathering may have more space for operation.
Glassnode specific An increase in the maximum realized and explained that it reflects the actual capital flows. Unlike the maximum market, the CAP achieved only increases when the coins move at higher prices. A $ 4.4 billion leap as BTC erupted more than $ 113,000 indicating the activity of the strong investor, not just a speculative sign.
The co -founder of Milk Road Kyle Raidid The target of 150,000 dollars For Bitcoin, quoting a bullish cup and formation of the handle that was observed last month. “I see you at a price of $ 150,000”, posted on X shortly after BTC reached $ 112,000, confirming the increasing confidence in more upward trend before any meaningful correction.
Related: Bitcoiners UnderPrepePRED for a possible price of $ 133,000 in September
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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