After weeks of negative demand momentum (red bars), we're now seeing a clear shift to positive momentum (green dots) aligned with a strong price rally.
The momentum line (blue) has broken out from a downtrend, signaling a structural shift in market demand.
The 30-day SMA is curving upward for the first time since early June – a bullish reversal sign.
Price is holding above $115K, supported by improving demand conditions.
On-chain demand momentum suggests this Bitcoin rally still has fuel. No signs of exhaustion yet.
Written by abramchart
