#BTC CAN HIT $120000 IF THIS CONDITION FULFILED, ON CHAIN DATA TIPS

#BTC CAN HIT $120000 IF THIS CONDITION FULFILED, ON CHAIN DATA TIPS.

#btc price get impressive gains amidst an on going rebound since it's lower dropped to the $75000 in mid April it's price jumped by over 35% to trade high as high $105000.

CVDD metrics hintAt $120k peak, but only if 90k support holds.

The commutative value days destroyed COVD is an on chain matric that measures the total coin days destroyed when the dormant #btc moves, this capturing the spending activity of long term holders.

Surg in CVDD indicates significant profit taking bylong term holders which often an indicator of overheated market conditions.