Combining the price of bitcoin and bullish on-chain data hint with the new all-time highs next week.

Key Takeaways:

• The realized cover of Bitcoin has grown $ 30 billion since April 20, reflecting the investor’s stable confidence and new capital flow.

• A integration pattern -including bitcoin prices assess a potential 10% breakout next week.

Bitcoin (BTC) It continues to show strong bullish momentum as the fresh capital of the signals of potential new prices in the coming week. In An x postGlassnode reports that the realized Bitcoin cover, which measures the total cost of BTC based on the price at which each coin last moved, grown by $ 30 billion since April 20, growing at a 3% monthly rate in May. The currently realized cover is $ 900 billion.

Although slower than the 8% spike in late 2024 when the BTC struck $ 93,000, this growth reflected the stable confidence of the investor and the new capital entering the market.

Adding to optimism, glassnode revealed a significant shift In market dynamics. The 7-day simple moving average (SMA) of the Bitcoin area Delta flipped positively, cooking near $ 5 billion on May 13.

This aggressive net spot demand, which has only been seen a few times this year as a highlighting, confirms a strong convincing market behind the recent Bitcoin pushing above $ 100,000 psychological resistance. Pouring in the purchase of the area’s pressure suggests institutions and retail investors pushing the rally, not just -in -lineage trade.

Despite the slower realized cover growth compared to the late $ 50 billion spikes of 2024, the current sentiment in the market remains positive.

Related: The approach will beat all public equality -equivalent to bitcoin, says analyst

Will Bitcoin get 10% next week?

Bitcoin has shown a steady integration -incorporating and expanding the trend from building a bottom around $ 74,500 in early April. Over the past four weeks, a pattern has appeared in which each time Bitcoin hits a main level, it moves to the sideways before breaking into a higher range. This pattern is repeated -repeating, with the third integration -together that is currently underway.

Each stage adheres to a similar setup, which forms a higher upper and lower ranges. The bottom range is usually tested at least once before Bitcoin pushes into new highs. Kamag -child Index Index (RSI) complement this price action, reaching overbought levels during new highs and decreasing around 50 during sideways movements.

Currently, Bitcoin is combined -integrated between an upper range of $ 105,700 and a lower incidence of $ 100,678. If the pattern holds, Bitcoin can retest a $ 100,000- $ 102,000 level before potentially breaks more than $ 110,000. However, a bearish invalidation can occur if prices drop below $ 102,000 and fail to recover quickly.

Related: The volatility indicator on the market still points to $ 135k Bitcoin in 100 days – Analyst

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.