According to the platform, the volume of on-chain BTC transactions over $100,000 stays at neutral to low levels. A look at the chart shows that this trend and position also occurred back in 2020, indicating a potential market reaction akin to that of the 2020 bull cycle.
Batman noted that if this support continues to hold, BTC may push toward the $120,000 level in the short term. This expected surge aligns with the last phase of the Wyckoff theory, which the expert believes will start sooner or later.
