Bitcoin has gained 10% in a week, with prices now around 83,852 USD. Long-term holders’ realized cap exceeded 18 billion USD, historically aligning with price increases. A similar decrease in open interest further supports a bullish outlook.
Bitcoin has established key support at 79,000 USD following a recent low of 74,500 USD. This accumulation at the 79,000 USD level indicates a strengthened market sentiment among investors, paving the way for a potential upward trend.
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