🔥 SUPERCYCLE UNDERWAY! +420K BTC Purchased Near $94K 📊 KEY Support Zone Detected! 🚀
📝📈 Confirmed: The strongest support of the cycle is underway!
More than 420,000 BTC have their cost basis in the $94,000 zone, representing one of the strongest support zones detected in this bullish cycle. 💪
📊 On the Glassnode chart, we can see how this zone has been strongly defended by investors and coincides with a large increase in price since the beginning of May. This reinforces the bullish thesis of a possible path towards $120,000+ if support remains intact.
🔥 WHAT DOES THIS TELL US?
🧱 $94K has become a key structural floor
🐳 Whales are aggressively accumulating in that area
🚀 BTC has already surpassed $112K, with growing buying pressure
💥 This consolidation at high levels and massive accumulation suggest that there is no selling intention from the big players.
📌 In this Text, we analyze the price heat map (powered by Glassnode), institutional accumulation, and what could happen for Bitcoin in the coming days.
