On-Chain Metrics Dey Drive Bitcoin Reach $118K, Eye $150K Target
Bitcoin price don dey climb near $118,000 as on-chain metrics dey show say long-term holders dey dey accumulate pass before. CryptoQuant show say accummulators get 248,000 BTC now, dat na 71% rise since June 22 and e be di highest since December 2025. Glassnode data talk say realized capitalization don rise by $4.4 billion over $113,000, wey show say investors demand strong pass just speculation trading. Technical analysis dey support make price gain more, but profit-taking fit happen near $130,900 based on MVRV ratio of 2.75. Chart patterns like bullish cup-and-handle hint say price fit reach $150,000. Traders suppose watch key levels like support for $108,500 and resistance around $130,000, but small pullbacks fit happen between $110,000 and $105,000 during volatility.
Bullish
Di accumulation surge and di rising on-chain metrics dey signal say Bitcoin get steady bullish momentum. For short term, di big hoarding by long-term holders plus positive technical patterns like di cup-and-handle fit push di price go resistance levels for $130,000 and maybe even $150,000. Traders suppose prepare for small pullbacks go $110,000–$105,000 because market fit get rough, but these kind corrections fit be chance to buy, no be trend reversal. For long term, di rise for realized capitalization, steady ETF inflows and corporate treasury purchase dey support Bitcoin as store of value, show say di uptrend go strong. Overall, dis combination of on-chain demand, market structure, plus institutional support dey back strong bullish outlook.