tldr; Bitcoin’s price has surged to $122,000 following a recent reset from $117,000 to $108,600, which analysts view as a constructive move rather than a collapse. Swissblock highlights that this reset cleared resistance and strengthened bullish market structure, potentially paving the way to retest all-time highs. On-chain data shows resilience among short-term holders and reduced selling pressure from long-term holders, signaling a shift toward accumulation. Risks remain, but the outlook favors continued market strength and upside potential.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
croholdr on
bitcoin rejects 122k, retreats to 121k
rip bulls, bears are back in town
2shyofa3sum on
JFC there is some dumb shit posted around here 🤦
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tldr; Bitcoin’s price has surged to $122,000 following a recent reset from $117,000 to $108,600, which analysts view as a constructive move rather than a collapse. Swissblock highlights that this reset cleared resistance and strengthened bullish market structure, potentially paving the way to retest all-time highs. On-chain data shows resilience among short-term holders and reduced selling pressure from long-term holders, signaling a shift toward accumulation. Risks remain, but the outlook favors continued market strength and upside potential.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
bitcoin rejects 122k, retreats to 121k
rip bulls, bears are back in town
JFC there is some dumb shit posted around here 🤦