Bitcoin is currently experiencing a volatile phase, trading below the $100,000 mark after failing to maintain this important support level. Despite some short-term setbacks, key indicators still show an optimistic long-term outlook for Bitcoin. Axel Adler's analysis of Bitcoin's netflow-to-reserve ratio indicates an ongoing accumulation phase, as BTC is withdrawn from exchanges and put into long-term storage, reflecting investor confidence. Currently, Bitcoin is trading at $94,800, holding steady after sellers failed to push the price below the important support level of $92,000. If the price does not surpass $100,000, a deeper correction may occur. However, the accumulation and increasing interest from institutions suggest that Bitcoin may regain momentum and continue its upward trend in the coming months.

#BtcNewHolder #tintucbitcoin