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Bitcoin’s Back — And the Bulls Are Dancing Again!
Well, well, looks like Bitcoin has shaken off the dust and is climbing the ladder once more. After bouncing from the 103,000–103,500 support zone, price is now cruising around 110,382 — and honestly, it’s starting to look like that 114,000 mark isn’t so far off after all.
And yeah… I’ll admit it — I picked up some BTC around 104K when it started showing signs of life. Not gonna lie, it was looking a bit scary back then, but the setup was too clean to ignore. Now? Feeling pretty good about that entry.
Sure, there was a little pullback after breaking 110K — nothing dramatic. More importantly, BTC held strong above the 108,800–108,200 support, which also happens to be the middle of the current rising channel. A solid base, and bulls might be eyeing it as their next launchpad.
And the long-term holders? Still showing some serious diamond hands. According to Glassnode, 45% of Bitcoin’s supply hasn’t moved in over 3 years, and 30% hasn’t budged in over 5. So yeah, while a few are taking profits (as they do), the big picture says most of them are still waiting — maybe for a real breakout, maybe just enjoying the ride.
So what do we have here? A strong technical structure, steady hands from the HODL crowd, and a market that seems to be waking up. If BTC stays inside that channel and above support, the path to 114K is definitely on the table.🧐 What do you think — are the bulls just getting started, or are the bears waiting around the corner? Let’s hear your take in the comments
#Bitcoin #BTC #CryptoMarket #CryptoAnalysis #HODL #Glassnode #TradingJournal
@TradingDog
BTC holding above 108K is impressive. If this continues, 114K could be closer than we think.
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