Bitcoin could continue to climb due to five contributing factors, according to a Cointelegraph analysis of on-chain and technical data. These include sustained whale accumulation, strong spot ETF inflows, elevated investor sentiment, rising open interest despite all-time highs and potential short liquidations between $111,000 and $115,000. The report suggests Bitcoin is in the midst of a broader bull cycle, with a strong likelihood of surpassing $120,000 in the first half of 2025 and possibly reaching $200,000 by year-end.
Analysis: Five signals point to further upside for Bitcoin
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