Bitcoin is about to break its all-time high, and everyone’s excited! Many people think it’s going to surge even higher once it reaches new territory. But here’s the interesting part: even though Bitcoin is doing well, long-term holders aren’t showing signs of greed.
Long-Term Holders Are Holding Strong
Data from Glassnode shows that long-term Bitcoin holders are holding onto their coins and aren’t rushing to sell. This is a good sign because it means the market isn’t in a frenzy. It suggests that people believe in Bitcoin’s potential for further growth, but they’re not getting carried away.
Bitcoin is Poised for a Breakout
Bitcoin is currently hovering above $72,000 and is getting closer to breaking its previous all-time high of $73,794. If it can break through that barrier, it could trigger a massive bull run.
What to Expect Next
The next few days are crucial for Bitcoin. It’s possible that Bitcoin might dip below $70,000 before it makes another big move upwards. But if it can stay above $70,000, it’s likely to break its all-time high and start a new bull market.
It’s important to remember that the market can be unpredictable. While the outlook for Bitcoin is positive, it’s always a good idea to be cautious and stay informed.
