Bitcoin Accumulation Rises as BTC Nears Key Resistance

Bitcoin$BTC is experiencing a surge in accumulation as it approaches a significant resistance level. Long-term holders and institutional investors are actively buying, reflecting growing confidence in the asset. This reduced supply on exchanges could create upward pressure on price.

Despite strong fundamentals, Bitcoin$BTC faces a major hurdle around the $70,000 level, where previous rallies have often paused. Market observers are watching closely to see if this accumulation wave will be enough to break through or if a pullback is likely.