Bitcoin price likely to hit $130K before serious profit taking kicks in
Soaring capital inflows and an uptick in Bitcoin wallets identified as “accumulators” suggest BTC price is on a path to $130,900.
Key takeaways:
Bitcoin rallied to $113,800 as onchain data shows a 71% surge in the BTC holdings of accumulator addresses.
Bitcoin’s MVRV metric suggests that meaningful profit-taking may not begin until BTC hits $130,900.