Bitcoin Poised For Next Breakout As Long-Term Holders Accumulate At $100K
The post Bitcoin Poised For Next Breakout As Long-Term Holders Accumulate At $100K appeared on BitcoinEthereumNews.com.
Bitcoin long-term holders are accumulating again near $100K and this often signals a coming price surge. Technical indicators like MACD and RSI show strong bullish momentum is building. Senator Lummis wants Bitcoin added to U.S. reserves and supports converting government assets into BTC. The long/short-term supply of Bitcoin holders is replicating a similar cycle that has occurred in past bull markets, and it can be interpreted that the market is gearing up for another run. This indicator that measures the power of long-term holders (LTH) relative to short-term holders (STH) has spiked in the recent weeks, and the trend is similar to previous build-up periods at 28K and 60K. In the previous two cycles, the accumulation of LTH presaged a dramatic price rise. The ratio peaked at 28K in two months, providing a basis to move towards 60K. Equally, a second accumulation zone at $60K was ahead of the surge to $100K. Bitcoin is trading around 107K today, and according to on-chain data, long-term holder dominance again increased dramatically. CryptoQuant data indicates that the LTH/STH balance is growing beyond 4.2, and its 30-day change is close to 100%. Analysts believe that, with the continuation of such behaviour, a 4-8 week span of sideways action will likely precede a bullish breakout. A conservative ×1.6 multiplier on the current price implies a potential rally toward the $160K level. MACD Crossover and Bull Flag Reinforce Bullish Outlook Technical charts offer additional support. A bull flag pattern on the Bitcoin daily chart displayed in the TradingView chart is confirmed by the bullish crossover on the Moving Average Convergence Divergence (MACD) indicator. The MACD line crossed through the signal line at 148 vs. 79, indicating upward movement. Bullish sentiment is also supported by the Relative Strength Index (RSI). At a current level of 57.34, it…
Filed under: News - @ June 27, 2025 1:26 am