Based on Cryptofrontnews, Bitcoin is trading above $90,000 as it reaches the monthly Bollinger midline, signaling a potential path toward $118,000. Market data shows a 45% price increase in the previous cycle following a similar midline interaction, and analysts are watching for a similar move. On-chain data indicates rising demand from U.S. traders, supported by a positive Coinbase Premium Index and a three-day inflow streak in spot Bitcoin ETFs. BTC remains above the 0.382 Fibonacci level, with traders noting limited pullbacks and strong buying pressure from $86,000 to $92,000.
Bitcoin Hits Monthly Bollinger Midline, Analysts Eye Potential $118K Move
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