Bitcoin (BTC) continues to show resilience, with prices rising slowly and steadily as recent accumulation indicators reflect confidence in the current market rebound.
Recent trends suggest that despite market volatility, traders are still holding their positions, highlighting a shift in investor sentiment towards long-term investment.
CryptoQuant analyst Darkfost points out that the profit supply of Bitcoin has significantly increased, suggesting a potential bullish phase in the future.
The accumulation of Bitcoin indicates that despite recent price volatility, there is confidence in its continued rise; experts emphasize that strong market indicators support long-term growth.
The upward momentum of Bitcoin may continue for some time.
As buyer interest increases, Bitcoin's price gradually rises, and many analysts believe this trend may continue. With investor confidence strengthening, especially driven by favorable legislative news, the current upward momentum has drawn attention. Arizona is pushing a Senate bill to establish a strategic Bitcoin reserve, which could further stimulate demand and reinforce bullish sentiment in the market.
Darkfost emphasizes that Bitcoin's profit supply is currently rising, a signal typically associated with increased market confidence. Historically, when the profit supply exceeds 90%, it indicates a potential market frenzy phase and may lead to a correction; however, such volatility does not usually occur immediately and may pave the way for the next upward surge.
In addition, the latest exchange net flow data also confirms this trend; the decline of the 30-day moving average indicates that Bitcoin continues to flow into cold wallets rather than exchanges, suggesting that the market is accumulating funds. The divergence in the 7-day moving average also corroborates this statement, as the significant decline is associated with price increases resulting from substantial accumulation.
As of the latest measurements, the 30-day MVRV ratio has reached its highest level since last December, raising concerns about potential selling pressure. Nevertheless, the long-term MVRV ratio has only just begun to show positive values, indicating that long-term holders have yet to realize significant profits. Therefore, this suggests that the current bullish phase has great potential to surpass recent price targets.
Insights into future price trends.
Data strongly suggests that as Bitcoin enters a stronger bullish phase, its price is rapidly accumulating. Importantly, the liquidation heat map shows that as traders adjust their strategies based on changing market patterns, the next focus may be between $101,000 and $106,000.
In summary, Bitcoin's current accumulation and price increase indicate that positive legislative trends and reliable technical data support strong market sentiment. Given that traders remain resilient under bullish signals, investors should closely monitor key indicators and trends that may influence future market movements.