Bitcoin Shows Signs of Renewed Accumulation and Potential Breakout Below $113K
2025-07-09 20:55:21
Main Idea
Bitcoin is showing signs of renewed accumulation by key wallets and potential breakout below $113,000, with historical patterns suggesting bullish momentum.
Key Points
1. Bitcoin has reclaimed $108,000, with key wallets (holding 100-1,000 BTC) resuming accumulation, a behavior seen before previous breakouts.
2. The cryptocurrency is challenging a long-standing resistance trendline established since April 2025, historically capping upward price movements.
3. Trading volume remains stable, indicating accumulation without panic selling, similar to patterns observed during the 2024 Yen carry trade unwind.
4. Strategic buyers are showing consistent inflows, with Bitcoin compressing below $113,000, suggesting a potential significant upward movement.
5. The re-accumulation by wallets ranging from 100 to 100,000 BTC highlights concerted efforts by key market participants to position for future gains.
Description
Bitcoin has reclaimed the $108K mark as significant wallet cohorts re-accumulate, signaling a potential bullish breakout amid persistent price consolidation below $113K. Mid-size wallets holding between 100 and 1,000 BTC
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