The post Bitcoin’s VDDM Insights Point to Potential Uptrend Amid Support Levels and Long-Term Holder Dynamics appeared on BitcoinEthereumNews.com.

Bitcoin’s bullish momentum continues as indicators suggest a potential new all-time high, driven by strong support from long-term holders. The decline in short-term selling pressure is crucial, allowing Bitcoin to stabilize before potentially breaking key resistance levels. As analysts forecast a possible surge beyond $110,000, market behaviors highlight a pivotal moment for Bitcoin’s price trajectory. Bitcoin shows signs of a bullish trend with long-term holder support strengthening, poised for a potential breakout above $110,000. Market Indicators Suggest Bitcoin’s Next Move As the cryptocurrency market fluctuates, Bitcoin’s current market sentiment reflects a **triangle consolidation** pattern. This structure indicates a pivotal moment where market forces aremerging between sellers and buyers. The consolidation has created a robust resistance around $110,000, making it a key price point for investors and traders alike. With Bitcoin’s valuation hovering near $108,000, the control exhibited by long-term holders (LTHs) increases the likelihood of a significant price breakout. Importantly, when observed historically, these periods of consolidation often precede significant rallies, particularly if buoyed by positive market metrics. Long-Term Holders Strengthen Market Stability Recent insights from on-chain analytical tools illustrate that the **long-term holder supply** has reached unprecedented levels. This metric points to a substantial decrease in volatility, reinforcing market stability. Currently, the balance between the number of **profitable long-term holders** and those at a loss reflects a healthy accumulation trend. Moreover, a high profit ratio among LTHs suggests an overwhelming majority are reluctant to sell, which contributes significantly to reduced market supply. This trend reduces selling pressure as most stakeholders choose to hold in anticipation of future profits, aligning with bullish market conditions. As this pattern unfolds, many investors are looking toward the potential breakout point of $110,000, with some analysts positing that a decisive move above this level could trigger an exuberant rally. Historical data suggests that such…

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Filed under: News - @ January 30, 2025 8:20 am