Uptick in Bitcoin spot trading hints at possible breakout to 119,000 USD

Recent Bitcoin spot trading suggests potential recovery, with prices needing to surpass 113,650 USD to confirm a bullish trend. However, failing to achieve this could risk a decline towards 100,000 USD.

The Cost Basis Distribution for Bitcoin shows stronger support compared to Ether. Exchange flows from Coinbase and Binance indicate a liquidity shift, favoring BTC accumulation, which traders should monitor closely.

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