$BTC Bitcoin bulls are feeling the heat as on-chain signals, particularly the Cumulative Value Days Destroyed (CVDD) metric highlighted by analyst Ali Martinez, suggest a potential peak of around $120,000 if the crucial $90,000 support level holds. Following a significant 37.5% bounce from its mid-April low, Bitcoin currently trades around $103,573, with the next major resistance eyed at $105,000 and a key breakout point above $107,000. While daily trading volume has seen a decrease, positive sentiment persists, evidenced by the strong $1.81 billion net inflow into Bitcoin Spot ETFs last week. As Bitcoin continues to dominate the crypto market with a 62.8% share and a $2.04 trillion market capitalization, all eyes are on whether it can maintain its bullish structure and reach the ambitious $120,000 target indicated by long-term holder behavior. What are your thoughts on this potential trajectory? Share your insights below!

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