Analysts highlight a marked reduction in selling pressure from OG holders. The 90-day average of spent UTXOs has plummeted from about 2,300 BTC to around 1,000 BTC, suggesting a market shift favoring holding Bitcoin.
Bitcoin is believed to be in a breakout phase, potentially targeting 107,000 USD. The negative correlation between Bitcoin and gold historically indicates a possible rise of 56% in BTC value within the next two months.
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