when whales withdraw from exchanges to their wallets, it means they intend to hold their assets long-term, this often precedes price increases.

According to Odaily, despite the market's sideways movement, Bitcoin traders remain optimistic about the cryptocurrency's price trajectory. The prevailing sentiment within the community is not bearish, with many believing that the bull market is far from over. There is a consensus that Bitcoin is preparing for a new phase of price discovery.

Trader Alan Tardigrade has observed that Bitcoin is following an ascending broadening wedge pattern. Historically, since 2023, this signal has led to Bitcoin price increases of 49%, 125%, and 68%. Another trader, Merlijn, highlights that Bitcoin is currently exhibiting a classic price bottom structure in the form of an inverted head and shoulders pattern, with a near-term target price potentially reaching $140,000.