Bitcoin’s price is currently at 108,366 USD, held predominantly by long-term investors. Historical records indicate that this ownership pattern has previously led to significant price rallies of 72% and 84%. If the price crosses the resistance of 110,000 USD, it may surge towards 130,000 USD.
With 80% of Bitcoin held by long-term holders, market sentiment suggests strong confidence. The total supply held by this group has reached 14.7 million BTC, valued approximately at 1.6 trillion USD. Analysts anticipate that increasing demand could lead to a substantial price surge.
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