Bitcoin ATH Incoming? Analyst Flags Indicators That Preceded Every Major BTC Rally
Bitcoin has gained over 15% in the past two weeks, reaching a market price of $97,559, approaching the $100,000 psychological level. Analysts suggest key long-term indicators may signal a larger market move. Robert Breedlove highlights that Bitcoin's market price often bottoms near the average miner production cost, which is currently indicating a bottom signal. Long-term holders have accumulated approximately 150,000 BTC in the last 30 days, reducing sell-side pressure and suggesting potential upward price movements. Additionally, increasing global fiat liquidity and enhanced access to Bitcoin through financial instruments are expected to drive demand. Breedlove emphasizes that Bitcoin's fundamentals remain stable, while external factors like liquidity and institutional adoption continue to impact its price.
