Bitcoin’s sustained price surge to $113,800 demonstrates strong technical and on-chain support, driven by unprecedented accumulation patterns and substantial capital inflows. Recent data reveals investors held approximately 248,000 BTC in accumulation wallets, marking a yearly peak and representing a 71% monthly increase in accumulation activity.
On-chain analytics confirm authentic capital entering the market, with Bitcoin’s realized capitalization growing by $4.4 billion. This metric underscores genuine network expansion beyond speculative trading, providing fundamental validation for the current price levels.
The Market Value to Realized Value (MVRV) ratio points to $130,900 as a critical profit-taking threshold – approximately 17% above Bitcoin’s current valuation. This level may serve as interim resistance before potential extended upward movement.
Technical analysis reveals a bullish cup and handle pattern establishing $150,000 as a longer-term price objective. The pattern’s development aligns with accelerating accumulation momentum and persistent capital inflows into the network.
Market sentiment reflects a structural transition toward buyer dominance, reducing sell-side pressure and creating conditions for a sustainable price advance. The convergence of accumulation momentum, capital growth, and technical positioning signals potential for continued rally extension.