Bitcoin (BTC) decreased by more than 10% after a record of about $ 109,355 on January 20, with a 60% profit since the November election victory, matching Donald Trump.
BTC/USD 3 -day price chart. Source: TradingView
According to Onchain data, Bitcoin’s next legs may be high, despite the fact that BTC is trapped for less than $ 100,000.
Bitcoin’s “permanent holder demand” grows
According to the on-chain analytics platform Cryptoquant, Bitcoin’s permanent demand, long-term investors’ metric tracking has soared in recent months.
This trend matches the price of Bitcoin and the highest record in early 2025 in November 2024.
According to Crypto Quart Data, the Accumulator address of investors who are rarely sold is a significant increase in BTC stake, according to encryption data.
Bitcoin Accumulator deals with demand. Source: cryptoquant
Historically, the past spikes of permanent holders have often followed the same decrease, indicating that many of the so -called “strong hands” ultimately became a seller within a month after the bitcoin was ultimately accumulated.
This pattern was especially noticeable in previous bull runs, and aggressive purchases eventually provide a way for distribution.
However, the unique upward trend is that the demand for accumulation addresses does not return to the pre -Trump level even after the recent decrease in the peak accumulation level, depending on both the accumulated level and the 30 -day moving average.
Instead, demand has been restored during the early February correction, and long -term holders are guilty in Bitcoin, suggesting that they have less sales compared to the previous cycle.
In the United States, the growth of cryptocurrency between Trump’s potential strategic Bitcoin protection area and institution athletes (ETFs, governments, public trading companies, funds, etc.) plays an important role in maintaining an upward exercise.
Bitcoin’s technology is $ 116,000
Bitcoin forms symmetrical triangle patterns, which often prioritizes sharp evacuation in any direction. According to Crypto’s Titan Market analyst, the price of BTC can eventually reach $ 116,000 than Triangle’s top trend line.
BTC/USD weekly price chart. Source: Titan of encryption
As a technical analysis rules, the upward target movement is measured after adding the maximum distance between the top and lower trend lines of the triangle along with potential brake out points.
Analyst DOM confirmed unprecedented Doji Candle Formation in the BTC Daily chart, which supports the strong prospects, and uncertain signal markets similar to trends since the FTX collision in November 2022.
“For the first time in 15 years of history, BTC has three continuous candles, consisting of less than 0.05% of the body.
“This is a signal with maximum uncertainty and big movements.”
As mentioned, in November 2022, Bitcoin’s previous two extremely extremely extremes of DOJI CANDLES printed ahead of 620%of the recovery rally. If this historical fractal is played similarly, Bitcoin may be just before another explosive price.
relevant: Bitcoin OG saw $ 700K BTC price, $ 16K Ether Lee in this ‘Valhalla’ cycle.
In addition, Zach Pandl, the research director of GrayScale, predicted that Bitcoin could have a new all -time high that received Trump’s policy tail wind and stable fund market in the first quarter of 2025.
Nevertheless, $ 80,000 remains increasingly popular among analysts in the short term, and investment research firm BRAVO Research pointed out that this decline will give traders “deep purchase” opportunities.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.