BTC Near ATH: 5 Bullish, 2 Bearish Signs

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Different market participants are accumulating, but miners are selling – what’s next for BTC?

Just a month and a half ago, this article would have made no sense when BTC’s price tumbled below $75,000 and the main speculations within the community turned on whether the bull run had abruptly ended.

Yesterday, bitcoin’s price stood at $30,000 higher, and it came just 2% away from breaking its all-time high from January. It sits slightly lower now, but there’s something in the air that suggests a new peak is coming. Let’s see what on-chain data and some technical indicators will say about that.

The Bull Case
We begin with large accumulations. After all, prices tend to rise if there’s more buying momentum, right? Lookonchain listed a number of whales that have gone on an accumulation spree in the past few days, purchasing in total over $250 million worth of BTC.


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