Bitcoin Maintains Bullish Momentum with Strong Weekly Close
- Bitcoin trades above $105,000 after reaching a new all-time high near $112,000.
- On-chain data shows realized profits at 104,000 BTC, approximately $11 billion.
- Net realized profits remain within normal levels for a bull run, avoiding overheating signals.
- The key support level is set at $103,600–$105,000; holding above this suggests bullish control.
- The current price is around $107,750, maintaining strength above the 34-day EMA of $100,886.
Bitcoin’s recent rally to an all-time high near $112,000 has stabilized above $105,000. Despite macroeconomic uncertainties, on-chain data indicates healthy profit-taking at 104,000 BTC. The market remains bullish as long as Bitcoin holds the key support zone between $103,600 and $105,000.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-profit-taking-remains-healthy-data-shows-no-signs-of-overheating/?rand=52377