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Bitcoin is trending as its price surges past the $100,000 mark, signaling a potential new bull cycle. This milestone, achieved for the first time since February 2025, reflects renewed investor confidence and significant market momentum.
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Analysts attribute this rally to several factors. On-chain data reveals that both long-term and short-term holders are accumulating Bitcoin, indicating strong belief in its long-term value. Over 250,000 BTC have been added by long-term holders since March, pushing their total holdings above 14 million BTC.
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Additionally, Bitcoin's realized capitalization has reached an all-time high of $891 billion, suggesting a steady influx of capital and growing conviction among investors.
However, market experts caution that maintaining support above $95,000 is crucial to avoid a short-term correction. Bitfinex analysts emphasize that holding this level could pave the way for Bitcoin to retest its all-time high of $109,000.
The recent decision by the U.S. Federal Reserve to hold interest rates steady has also contributed to Bitcoin's upward trajectory, as investors seek alternative assets amid economic uncertainty.
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As Bitcoin continues to capture headlines, its performance in the coming weeks will be closely watched by investors and analysts alike.
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