#Cryptomarketrebound

The trend accumulation index shows a significant change in market conditions. Average holders are actively accumulating Bitcoin, offsetting the sales of large players. This new wave of demand supports the current upward trend of BTC, creating a more stable foundation for future growth.
Whale distribution has slowed down, and small investors remain largely neutral. This balance reduces the risk of sharp sell-offs and strengthens market resilience. The change in investor behavior indicates a healthier environment for Bitcoin growth.
The net position of long-term holders (3D) has shifted to neutral after months of active distribution. This indicates a weakening of profit-taking by long-term holders, making the market less vulnerable to sharp sell-offs. The decrease in distribution is an encouraging sign for price stability.
With the easing of supply pressure, external factors such as inflows into ETFs and institutional demand may now play a key role in sustaining momentum. If these inflows remain stable, they will help Bitcoin continue its rally and reach the previous all-time high.
At the time of writing, Bitcoin is trading at $120 290, trying to hold $120 000 as support. Maintaining this level is crucial for preserving momentum and preventing a short-term reversal.
The next target for BTC is to surpass the level of $122 000, which is the last resistance before the historical high of $124 474. A successful breakthrough of this barrier will pave the way for Bitcoin to reach a new historical high, strengthening confidence in the bullish sentiment in the market.
If market conditions worsen and sales increase, Bitcoin may lose support at the level of $120 000. Then the price could drop to $117 261, which would negate the bullish scenario and indicate a temporary pause in the rally.