Bitcoin accumulation wave puts $80K back in play: Analyst

💡 DMK Insight

Bitcoin accumulation addresses are on the rise, and here’s why that matters: The surge in demand from accumulation addresses indicates strong buying interest, suggesting that investors are positioning themselves for potential price increases. Analysts are eyeing the CME futures market gap as a critical indicator, which could serve as a magnet for price action in the near term. If Bitcoin can break through recent resistance levels, it could trigger further buying momentum, especially among retail traders looking to capitalize on bullish sentiment. But don’t overlook the flip side—if Bitcoin fails to hold above key support levels, we could see profit-taking or even panic selling. Keep an eye on the $30,000 level; a sustained move above this could confirm bullish momentum, while a drop below could signal a reversal. Watch for volume spikes and sentiment shifts in the broader crypto market, as these could provide clues about institutional interest and potential price movements in correlated assets like Ethereum.