Short-term dangers still exist in spite of these bullish structural indicators ...
The 30-day Apparent Demand indicator has returned negative for the first time in two months, suggesting that miners' and some long-term holders' (LTHs') selling pressure is not being sufficiently offset by fresh buyer demand.
A short-term price adjustment is more likely as a result of this mismatch. Whether new demand can surpass residual selling will determine Bitcoin's next move in this mixed environment of HODLing, seller tiredness, and early whale action.
If momentum slows close to important resistance levels at $110,000, a brief pullback can come before the longer rise start.
