#BreakoutTradingStrategy and a shock wave approaching

Bitcoin has witnessed a significant rise of 10% this week, driving its price to an all-time high (ATH). This bullish momentum indicates positive expectations for the cryptocurrency, as investors continue to show strong demand for it.

Bitcoin (BTC) is once again on track to record new price milestones, driven by its increasing popularity and investor confidence.

Bitcoin investors are extremely optimistic

Short-term holders (STH) are showing strong optimism towards Bitcoin, as evidenced by their increasing accumulation behavior. Over the past month, the 'Shrimp' group has added more than 19,300 Bitcoins to their holdings.

Meanwhile, Bitcoin miners have issued only 13,400 Bitcoins, indicating a significant disparity between demand and supply.

The continued net absorption of STH, along with the decrease in new BTC issuance, points to an adjustment on the supply side. This adjustment is a critical factor in the price movement of the leading cryptocurrency.