$USDC

The Taker Buy-Sell Ratio of Bitcoin continues to surge to a monthly high, confirming that buyers are 'dominating', completely overshadowing the market. This is a signal reinforcing the long-term accumulation trend.

The sharp decrease in inflow to exchanges, coupled with overwhelming buying power, has helped BTC easily reclaim the 107K USD mark. If this momentum continues, BTC could potentially challenge the 109K USD level soon.

However, if the bulls cannot maintain the upward zone, a wave of profit-taking at 107K USD could force the price back to the old accumulation zone. In this scenario, Bitcoin will still fluctuate within the range of 103K – 105K USD, continuing the sideways trend.