Bitcoin long-term holders increase 339k BTC since April 4 – Stable accumulated signal conviction
Bitcoin trading is above the key psychological level of $100,000, but the bullish momentum that has driven price increases in recent weeks has cooled down as BTC fails to recoil its resistance close to $105,000. Price action is now consolidating and testing demand after a sharp rally sent Bitcoin to surge past April 9 lows of more than 40%. While the Bulls are still above control, an increasing number of signs of uncertainty have led some analysts to warn that a potential crash could occur if $100,000 is unavailable.
Despite these short-term concerns, the long-term fundamentals are still strong. CryptoQuant data suggests that long-term holders (LTH) have increased 339,000 BTC in their stake since April 4. Consistent accumulation of long-term investors increases the weight of bullish papers, even as short-term traders show hesitation, firm belief in Bitcoin’s long-term value.
The days ahead will be crucial as Bitcoin must confirm $100,000 as reliable support, or there is a deeper risk of a callback. Everyone’s eyes are focused on whether demand will be held and whether LTH accumulation can offset the rising fears in the market.
Long-term holders add fuel to Bitcoin bullish outlook
Bitcoin is currently in a critical stage and can define the market trajectory in the coming months. Since April 9, BTC has aggregated over 40% over the past few days, and at a resistance of $105,000, BTC has consolidated the integration. This integration sparked expectations – some traders are expected to break through new all-time highs, while others believe the market may expand.
Despite short-term volatility, the broader trend is obviously still optimistic. Bitcoin has maintained a steady upward trend over five weeks, climbing multiple resistance levels and attracting the attention of new investors.
One of the most important signals comes from the behavior of long-term holders. Long-term holders (LTH) have added a total of 339,000 BTC in their wallets since April 4, according to data shared by top analyst Axel Adler. This brings the total LTH supply to 14,370,338 BTC, a recorded figure that emphasizes the deep belief in the future value of Bitcoin.
The accumulation of this wave is a strong bullish signal. Historically, major gatherings have been held during the period of mass purchases. If BTC can maintain the current area of demand and retract its resistance, the market can enter a new phase of expansion. However, if resistance remains and momentum weakens, the market may still fall into wider consolidation. Currently, the pressure of the bulls is the pressure of confirming the strength, and the accumulation of LTH shows that they are not retreating.
BTC supports more than support, but breakthroughs are still elusive
The 4-hour chart shows that Bitcoin continues to consolidate support levels slightly above $103,600 after failing to cleanly exceed the $105,000 area. The close range of price action ranges from $103,600 to $104,800, with multiple attempts to push higher attempts, indicating a substantial seller liquidity in the region.
Still, Bitcoin’s structure is bullish. Both the 200 segments of EMA and SMA on this timetable are on the upward trend and are significantly lower than the current price, providing a strong foundation for ongoing support. The volume drops slightly during the merger, which is a typical pause phase before a potential breakthrough or breakdown.
If BTC holds support above $103,600, the Bulls may soon try to break through again, especially if the volume and macro conditions are still favorable. Confirmed moves exceeding $105,000 could trigger a surge in the next key psychological goal, close to $110,000. On the downside, the loss of $103,600 opened $100,000 for a deeper callback, an area of strong psychological and structural demand.
Featured images from DALL-E, charts from TradingView
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