Bitcoin Shows Signs of Potential Breakout Amid Low Selling Pressure and Whale Long Position Increase

Key Points

1. Bitcoin's recent surge to an all-time high of $113,804 is supported by low selling pressure, reducing the likelihood of a sudden sell-off.

2. John Bollinger's accurate forecast highlighted Bitcoin's setup for a breakout, reinforcing investor confidence in the bullish trend.

3. A prominent whale increased a leveraged long position to 3,000 BTC (valued at ~$340 million), signaling strong conviction in Bitcoin's growth.

4. Market participants are advised to monitor exchange flows and whale activity closely to navigate potential volatility.

5. Bitcoin's breakout momentum is further supported by declining exchange supply and institutional flows, suggesting potential for further price increases.