Vlad Hryniv

Over 172,705 $BTC have been acquired since February 23rd, a sign of a major shift in market dynamics. This surge in demand is reminiscent of the activity we saw after the FTX collapse, when the market hit its bottom. It seems we might be witnessing the beginning of something big. 📈

👀 Current BTC Price Action

Bitcoin is currently priced at $84,347.65, down just 0.02% in the last 24 hours. Despite this slight dip, BTC is on the edge of breaking out from a descending wedge channel that’s been in place since the start of 2025. A breakout above $87,379.59 could mark the beginning of a bullish trend, while failure to break through may push the price down to the $78,296.26 support level.

🔍 BTC Network Activity: Positive Signs

CryptoQuant data shows an increase in active BTC addresses (+0.96%) and transactions (+1.66%), reflecting growing engagement from both retail and institutional investors. This is a clear indication of increasing demand and confidence in BTC. 📊

💥 BTC NVT Golden Cross Surge

The NVT Golden Cross has surged by 34.58%, signaling a bullish shift in Bitcoin's fundamental outlook. This increase suggests Bitcoin is undervalued and poised for potential growth. 📈

⚡ What’s Next?

With increasing BTC acquisitions, growing network activity, and technical patterns hinting at a breakout, Bitcoin could be heading for a bullish phase. The next few weeks will be critical. Will BTC break resistance and rise to new highs? Time will tell. ⏳

📊 WhiteBIT Chart: BTC/USDT (1D)

#BTC Price Analysis#