#Bitcoin2025 😱👌5 signals that suggest Bitcoin's price has "room for further expansion"

Bitcoin's price is hovering around the historical highs of USD 111K, and multiple on-chain and technical data suggest that the uptrend is not over for BTC.

Key conclusions:

Bitcoin's price is consolidating below its historical high of nearly USD 112,000.

Whale accumulation, strong ETF inflows, and other factors suggest that BTC is on its way to USD 120,000.

Bitcoin (BTC) shows multiple on-chain and technical signals that there are still more upsides ahead for BTC.

Bitcoin whales are accumulating more BTC

Large Bitcoin investors have been increasing their holdings in anticipation of price rises in the future. Data from market intelligence firm CryptoQuant shows that the percentage of wallets holding between 1,000 and 10,000 BTC has significantly increased since May 6, accompanying a price rise of 16% during the same period.

“This is a signal of growing investor confidence,” said CryptoQuant in a post on May 29 on X, adding:

“It is historically linked to higher prices.”