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 Outlook
CryptoQuant, 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 X
The 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 t
We współpracy z: https://www.thecoinrepublic.com/2025/05/03/bitcoin-btc-price-key-accumulation-structure-unfolds/
