Bitcoin price forecasts after this rare technical pattern shone $BTC

repetition, do we see a price of $120,000 before its expected date? The current price of Bitcoin (Bitcoin-BTC) at $104,896 continues to stabilize in a horizontal range above $104,000, after recording an increase of 0.87% over the last 24 hours, amid continued investment groups gathering more of it, confirming the increasing confidence of traders in the markets. On the other hand, the assessment of the Bitcoin accumulation path is witnessing a noticeable increase, especially among whale groups, as addresses holding 100-1,000 BTC and 1,000-10,000 BTC recorded a high assessment ranging between 0.9 and 0.85, while the corresponding rating for small investors (those holding less than one full BTC) is rated at 0.55. Major Bitcoin holders (those with 100-10,000 BTC) continue to buy.

Market value of Bitcoin: $2.08 trillion.

The circulating supply of Bitcoin currently at 19.86 million BTC continues to approach its maximum limit of 21 million.

The divergence of the Relative Strength Index (RSI) from the price path confuses the calculations of bullish speculators.

Momentum indicators are issuing a clear warning in light of the positivity of accumulation indicators, as analyst Bluntz pointed out on X (formerly Twitter) that the Relative Strength Index (RSI) reading is taking a path contrary to the price path that continues to rise on the daily chart, which could harm the bulls (bullish speculators) if confirmed.