jumped above $66,000 on 17th July for the first time in three weeks, riding on a strong bullish wave fueled by multiple factors, includingWhile the latest bullish performance indicates the return of confidence among Bitcoin investors, not everyone is convinced that it will be a smooth ride to a new ATH.has so far pushed above its short-term holder realized price. A situation that could change the tide or present a sell wall.
What we know so far is that Bitcoin is about $8,000 away from a significant rally. It also has room for more upside before retesting the next major resistance level. On the flip side, the demand from institutions may revive excitement in the market. This coincides with observations indicating that long-term holder demand is also ramping up.