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Crypto Express

07/15 02:48

$127K in sight for Bitcoin?

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$127K in sight for Bitcoin? What’s next as BTC rises amid drying supplies

Bitcoin nears $127K target as whale activity and on-chain signals align with bullish momentum.
Whale inflows surged 195% in seven days, supporting BTC’s push toward $127K. Exchange outflows and declining miner pressure limit immediate downside risk.
Bitcoin’s current position near the +1.5σ MVRV band, combined with strong whale accumulation, reduced miner pressure, and sustained outflows from exchanges, signals a structurally bullish setup.

The rise in NVT Golden Cross suggests network fundamentals are keeping pace with price. However, its proximity to overvaluation bands calls for measured optimism. 

If accumulation continues and no major sell-offs emerge, Bitcoin could breach the $127K mark in this cycle before facing strong resistance.

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