1. An artistic pattern indicating strong upward momentum:
- Bitcoin is forming an inverted head and shoulders pattern on the chart, which is a strong indicator of a reversal of the upward trend.
- If the price surpasses the resistance level at $113,000 with volume confirmation, it could head towards $140,000 as a technical target.
2. On-Chain data supports the bullish trend:
- Long-term Bitcoin holders still control a large part of the supply, reducing volatility and lowering the risks of panic selling during temporary downturns.
- Data shows that long-term holders' holdings are nearing 14 million BTC, a pattern seen before major rallies in previous years.
3. Critical support levels according to MVRV ranges:
- The MVRV (Market Value to Realized Value) indicator suggests that the level of $102,044 represents a key support level.
- If the price drops below this level, it may retreat to $82,570, but the overall trend remains bullish in the long term.
4. Whale activity and increasing market confidence:
- Movements of major investors showed great confidence, as one whale opened a high-leverage ($200 million) buy position (20x).
- As hinted by Michael Saylor, founder of MicroStrategy, the continued buying of Bitcoin reinforces confidence in the market.
5. Technical forecasts and psychological indicators:
- Forecasts indicate a 6.62% increase in Bitcoin's price, targeting $112,587 by July 14, 2025.
- The fear and greed index shows a level of 60 (greed), with 53% of the days being green over the past month.