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Bitcoin (BTC) Price Key Accumulation Structure Unfolds

By: cryptosheadlines|2025/05/03 21:15:02
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin (BTC) price had reclaimed the $97,000 level, yesterday, forming a key accumulation structure that mirrors past rallies.Earlier on Thursday, the BTC USD pair reached an intraday high of $97,182 before declining to current levels at $96139.61. The flagship cryptocurrency is now nearing key horizontal resistance.The latest BTC price surge comes amid a global macroeconomic backdrop. Market analysts have shared their insights on Bitcoin’s future trajectory.The Accumulation OutlookCryptoQuant, a leading onchain data analytics provider, has highlighted a recent accumulation trend from short-term Bitcoin holders.CryptoQuant analyst Crypto Dan said the accumulation trend is similar to an earlier pre-rally structure, specifically in 2024.Image Source: CryptoQuant on XThe accumulation structure formed in January and October 2024, shortly before the price of BTC kickstarted a notable uptrend.Similar to the current trend, the market experienced a sharp increase in the activity of Short-Term Holders (STH). These are investors who have held Bitcoin for 24 hours to 1 week.During the 2024 cycle, Bitcoin and major altcoins experienced strong price rallies following the rising activity from STH.A similar increase in STH activity now observed may signal the beginning of another bullish phase for BTC.Historically, STH activity has served as a reliable signal of accumulation. Therefore, if the trend continues in the short term, BTC USD might break above $100,000.Moreover, the renewed interest from Bitcoin whales support the coin’s potential move to the $100,000 mark.The number of addresses holding more than 1,000 BTC reached 2,107 on April 15, the highest since December 2023.That number has jumped from 2,037 in late February, adding over 60 whale wallets in under two months.PlanB Releases Insight on Growth TrendIn his latest X post, analyst and creator of the Stock-2-Flow (S2F) model, PlanB, shared optimistic expectations for BTC.The analyst noted that the ongoing market bull run is far from over, citing positive indicators.PlanB posted a chart illustrating historical Bitcoin price trends and three key realized price metrics.These include the Realized Cost Price, the 2-year Realized Price, and the 5-month Realized Price/STH.Image Source: PlanB on XAccording to PlanB, the BTC USD price is currently higher than all realized prices, marking a continuation of the bull market.Short-Term Holders typically have a closer average realized price to the actual BTC price.Historically, divergences between BTC and STH realized prices have signaled market cycle peaks.Ultimately, PlanB is positive about the state of the crypto market, especially for BTC price.Macro-Economic Influence on BTC PriceAt press time, the BTC USD price was trading at $96139.61, down 0.90% in the last 24 hours. The market cap stands at $1.93 trillion, and the trading volume was down by 22.9% to $23.57 billion within the same period.The global macro economy largely drives the rising value of Bitcoin.First, rising recession risks may force the Federal Reserve to cut rates to stimulate the economy.If this move plays out, it could lead to higher liquidity inflows for Bitcoin.Furthermore, analysts recently observed that investors are shifting capital away from U.S. stocks and bonds toward alternative assets like Bitcoin.This is one of the major factors contributing to the rising momentum of Bitcoin.Standard Chartered’s crypto research team now targets Bitcoin at $120,000 in Q2 2025 and $200,000 by the end of the year.Source link

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