🚀 Bitcoin Market New Dynamics: Strong Support Zone Formed, Bullish Outlook Ahead!

According to the latest data, the holding cost of over 420,000 bitcoins is concentrated around the $94,000 level, forming one of the strongest support zones in the current market cycle. This dense holding area displayed strong resilience during the consolidation phase in early May, laying a solid foundation for Bitcoin to break new highs.

Data Highlights:

The holding cost of 420,000 bitcoins is concentrated around $94,000. This dense holding area performed steadily during the market consolidation in early May.

Significance of the Support Zone:

The existence of this support zone indicates that a large number of investors are actively buying and holding Bitcoin within this price range. The strong holding willingness provides solid support for Bitcoin's price, reducing the likelihood of a significant pullback.

Impact on the Future:

The stability of this holding area provides strong momentum for Bitcoin's subsequent rise. The market may break new highs under the support of this support zone, showcasing greater upward potential.

Conclusion: The current market's holding structure indicates that investor confidence is strong, laying a foundation for Bitcoin's continued rise. Pay attention to future developments, and holders can expect greater returns!