#BTCReserveStrategy
Not Safe Yet, Bitcoin Must Surpass US$117,000 To Soar
Bitcoin price increased by 1.1% daily but is still down 3.77% for this week, creating uncertainty around the rally.
Long-term holders have reduced selling pressure, and the MVRV at 2.19 reflects a historical rally setup.
With traders shifting to long positions and US$117,000 as a key breakout level, the price of Bitcoin must overcome resistance or risk halting again.