The price of Bitcoin has risen by 25% since its lows on April 9, surpassing the $96,500 mark in early May, amidst a decrease in market volatility and a decline in Bitcoin supply on exchanges, along with an increase in liquidity accumulation.

It surpasses superficial price movements, indicating underlying bullish signals in mining economics and long-term investor behavior.

According to his analysis, the average cost of Bitcoin production for mining companies – which is a historical indicator of market bottoms – now shows levels that suggest the beginning of a new bullish wave.

Regarding the available supply in the market, the volume of Bitcoin on exchanges has dropped to its lowest levels in five years, which “Bridloff” sees as a sign of decreasing selling intent among investors, especially in the price range between $80,000 and $100,000.