Bitcoin Analysts See Breakout Beyond $123K

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Several Bitcoin onchain metrics are suggesting that BTC’s market structure remains strong and the bull cycle has more room to run.

Bitcoin’s price structure and fundamentals remain solid as new buyers step in.

BTC short-term holder metric shows no overheating with $138K in play.

Bitcoin remains pinned below $120,000 after reaching a fresh all‑time high near $123,000 last week. As BTC price consolidates, numerous market analysts are convinced that the cycle is not over.

Here are the reasons why analysts think that the Bitcoin bull market has not peaked yet.

Bitcoin fundamentals remain strong
Analytics firm Bitcoin Vector said that although Bitcoin’s momentum has slowed, multiple onchain metrics suggest that Bitcoin’s cycle is not over.

Bitcoin whale accumulation reached 2025 levels

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