As Bitcoin broke above the $100,000 mark and pushed toward a new all-time high, Darkfost stated that large investors took advantage of the rally and secured notable gains. The same action from these holders was seen back in 2024.
“Actually, the current pattern closely resembles what we saw in 2024 when BTC was reaching a new ATH,” the on-chain expert added. During this ongoing period of upward price performance, there was a brief second, lesser wave of inflows before inflows began to decline once again.
Titan of Crypto’s forecast is supported by a key Inverse Head and Shoulders formation on the 1-month chart, which has remained valid since it emerged. Looking at the chart, Bitcoin broke out from the neckline of the channel and later retested the line.
