[CoinWorld] Analysts have stated that during this bull market’s three significant upward trends in Bitcoin, long-term holders (LTH) have continually increased their holdings before the price strongly surged. This phenomenon first appeared around the $28,000 threshold: after a 1-2 month increase in the holdings ratio of LTH relative to short-term holders (STH), it ultimately pushed the price to break through to $60,000. The second similar accumulation occurred during the $60,000 sideways phase, providing momentum for the subsequent rise to $100,000. Now at the critical level of $100,000, there has been a continuous increase in the LTH/STH holdings ratio observed again: this accumulation phase may last for 4-8 weeks, and based on the patterns of the previous two cycles, a strong upward trend is likely to follow. If a more conservative multiplier of 1.6 is used, the target range for the next upward movement will point to $160,000.
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Analysts: Long-term holders continue to accumulate, potentially driving Bitcoin's next target to $160,000.
[CoinWorld] Analysts have stated that during this bull market’s three significant upward trends in Bitcoin, long-term holders (LTH) have continually increased their holdings before the price strongly surged. This phenomenon first appeared around the $28,000 threshold: after a 1-2 month increase in the holdings ratio of LTH relative to short-term holders (STH), it ultimately pushed the price to break through to $60,000. The second similar accumulation occurred during the $60,000 sideways phase, providing momentum for the subsequent rise to $100,000. Now at the critical level of $100,000, there has been a continuous increase in the LTH/STH holdings ratio observed again: this accumulation phase may last for 4-8 weeks, and based on the patterns of the previous two cycles, a strong upward trend is likely to follow. If a more conservative multiplier of 1.6 is used, the target range for the next upward movement will point to $160,000.